Reasons why I am bullish on this trade:
* Bullish Moving Averages.
* RSI divergence.
* Breakout of a descending channel .
* Is currently using an old resistance as support (weekly resistance/support *Orange Lines*), next resistance will be around $0.71, 76% higher than the current price.
* It got close to the 0.786 Fibonacci retracement and went back up again, confirming an up trend.
Buy Zone:
$0.388 - $0.46
Targets:
1 - $0.538 (+33%)
2 - $0.612 (+48%)
3 - $0.71 (+76%)
Stop Loss:
$0.34 (-15%)
* Bullish Moving Averages.
* RSI divergence.
* Breakout of a descending channel .
* Is currently using an old resistance as support (weekly resistance/support *Orange Lines*), next resistance will be around $0.71, 76% higher than the current price.
* It got close to the 0.786 Fibonacci retracement and went back up again, confirming an up trend.
Buy Zone:
$0.388 - $0.46
Targets:
1 - $0.538 (+33%)
2 - $0.612 (+48%)
3 - $0.71 (+76%)
Stop Loss:
$0.34 (-15%)
交易结束：到达目标:
We just reached our first target!!
交易结束：到达目标:
2 Target: reached.
This is not financial advice. The only purpose of this post is to share an idea and to talk about it.
Always remember do your own research!