PSGUSDT trade ideas
🆓Paris Saint-Germain Fan Token (PSG) June-11 #PSG $PSGThe buying power of PSG is increasing strongly again and this can help PSG increase strongly in the near future to the areas of $20, $25 and $32.
📈BUY
- Buy : 13.7-14.3$. SL if B
- Buy : 15.6-16.4$ if A. SL if B
📉SELL
- Sell : 19.5-20.5$. SL if A
- Sell : 24.5-25.5$. SL if A
- Sell : 31.5-32.5$. SL if A
♻️BACK-UP
- Sell : 13.7-14.3$ if B. SL if A
- Buy : 9.7-10.3$ if A. SL if B
- Buy : 7.8-8.2$ if A. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
PSG time to buy!After checking tendencies for PSG token fans I saw I high Elliot's wave in decreasing for but after checking RSI and comparing with MACD volumes I detected a new tendency pattern which indicates that PSG is going to increase his value and seems that this tendency will continue for some time.
PSGUSDT --> Risk -5% for +50% PUMP?I was gonna put the high risk label on this trade... but honestly... I really don't think this is high risk. (It DOES depend on your risk management, if you commit too much to this... well don't do it!)
You can see that twice before PSG went sideways for 3 days, then 5 days, and pumped, shows PSG likes to pump UP after significant sideways price action.
We also see that PSG can BREAK LOWER TREND LINE and still pump.
When it goes sideways, it sticks to a tight channel, which is what makes this trade viable. You know exactly what you need to risk in order to fail/confirm this particular pattern. If it comes down over 4%, this trade is cancelled.
If it comes back up into the channel, imo you have good odds at +50%
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PSG TRADE
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BUY: $42
TARGET: $65 (or previous high $58)
STOP: below $41.5 likely fails the trade.
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Fundamentals
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Rank #573
Market Cap = $54,688,829
Fan token PSG football team
Total Supply: 20,000,000
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PSG: Accumulation Spikes Without Volatility Equals MarkupI'm thinking PSG is a prime candidate for a markup. You can see it with the green vertical bars in the consolidation zone, spiking almost arbitrarily, but with no corresponding price action in effect. On the contrary, volatility is only decreasing and narrowing more and more. This, my friends, is forensic evidence that institutional whales, sharks, and market makers are at play, secretly sucking up the supply to later sell back to noobs at oversold prices before the floor falls out and the predatory cycle begins all over again. This chart can help you survey the position should you decide to enter at the correct time: shark-level. Note: I trade all these swings right alongside you; these are my actual positions. My entry points are always the current price before you update the load bars. I am not a financial advisor, however. Join me and trade these charts at your own risk.
*If you have strong hands, patience, and like big wins and big money, follow me. I track all the USD & USDT-paired cryptocurrencies on Coinbase Pro (along with many other coins & tokens on various exchanges) and regularly seek out the best swing trades available. All my charts are clean, straightforward, and easy-to-follow. My TA is based on Wyckoff phase analysis, Elliott wave & Fibonacci extensions. If some of my sell zones seem conservative, it's only because I believe in exiting while still holding the fat money bags! The more intrepid traders can let the winners run a bit longer. Good luck and safe trading to all!
**Unfortunately I can not give custom entrance and exit prices, stop-loss percentages, or offer advice on when and how to take profit other than my own entrance and target zones which are already indicated on the charts. Thank you for understanding.
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