Waves- Short term long opportunity
Updated
We can see a nice long tail candle on Waves now. Combined with support, where usually huge bullish reactivation is.
As the market is still quite risky, there certainly is a probability of going down, so I am playing this really safe with tight SL and small position.
My swing trades loaded with Zil etc, so I don´t want to add to my swing trades now. This one is short term and quite nicely set:
- RSI in possible bullish divergence
- Stochastic oversold
- Huge support
- Nice PA
- Bullish div. on stoch. on shorter timeframes
1. TP on 1.82, second TP on 1.86. SL 1.734. Entry around 1.76.
So the RRR is 1:2 and 1:3.5, that´s reasonable.
Enjoy!
As the market is still quite risky, there certainly is a probability of going down, so I am playing this really safe with tight SL and small position.
My swing trades loaded with Zil etc, so I don´t want to add to my swing trades now. This one is short term and quite nicely set:
- RSI in possible bullish divergence
- Stochastic oversold
- Huge support
- Nice PA
- Bullish div. on stoch. on shorter timeframes
1. TP on 1.82, second TP on 1.86. SL 1.734. Entry around 1.76.
So the RRR is 1:2 and 1:3.5, that´s reasonable.
Enjoy!
Note
This is a good trade in terms of the altcoin, but i don´t like what BTC is doing right now. Maybe get out little bit below the break even level, or adjust the SL by yourself. There could happen to be a shakedown and bounce back again.
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