Hello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the daily time frame. The price is inside a bearish channel and has created the S1 line. You can set the Buy order at the S1 line and put the Stop Loss below the S1 line. There are different Stop Losses by different traders but this amount looks fine to me. Our first target would be the R1 line and if R1 is broken, then we can say that we have entered a new bullish phase and will see higher prices. For now the price is inside the S1 and R1 line. You need to wait to see which side the price breaks out of.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
Mars Signals team wishes you high profits.
We are in the daily time frame. The price is inside a bearish channel and has created the S1 line. You can set the Buy order at the S1 line and put the Stop Loss below the S1 line. There are different Stop Losses by different traders but this amount looks fine to me. Our first target would be the R1 line and if R1 is broken, then we can say that we have entered a new bullish phase and will see higher prices. For now the price is inside the S1 and R1 line. You need to wait to see which side the price breaks out of.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck