RLCBTC trade ideas
RLC-BTC Long Trade PlanCommodity : iEXECRLC
Trade Type : LONG
Trading Against : BITCOIN
Entries : Double-UP Entries throughout the Buy Zone
Profit Taking : 25% at each TP point.
Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on
Duration - 1-2 weeks
Investment in trade : 3% of the total Trading Balance.
Prospective Profit : 12% to 43%
Prospective Loss : 7%
RRR : Between 1.6 and 5.66 depending on TPs
Buy Zone/TPs/SL price points are marked in the chart as follows
Greens - Profit Targets (TPs)
Blue - Buy Zone (Entries)
Red - Stop Loss (SL)
RLCBTC a formation of BATThe RLCBTC is going to start the formation of C to D leg of BAT pattern soon.
We have 100 and 50MA in potential reversal zone to provide sufficient support and push for bullish divergence insha Allah.
I have defined the targets accordingly plz find on chart.
Regards,
Atif Akbar (moon333)
RLC Long - Likely Reversal with More Momentum To ComeHad a huge bull run the other day, I set an overnight buy for 570....sure enough it only dropped to 574 before rocketing to 980... Now it has corrected a bit and I've jumped back in @ around 600, hoping to see another run up near Fib , BULLS ARE COMIN BACK BOYS, Get your alt game on :)
TP1 840
TP2 1111
SL 550
Trade at your own risk