AAVE │ LONG (4H) │ 15.11.2023

AAVEUSDT.P

Comment
The level's base is the point from which they started to update the local low.
The level was confirmed by a false breakout.
A nice approach.

Signals for level breakout

• bar/candles closure near the level;
  
• bar/candles closure near its high/low;
  
• close retest of the level;
  
• the instrument gradually approaches the level;
  
• accumulation of energy for level breakout;
  
• a good approach to the level;
  
• there is a reserve of calculated ATR;
  
• there is a reserve of technical ATR;
  

Signals against breaking the level

• no consolidation before the level;
  

Order parameters (risk-to-reward ratio = 1 to 3/4/5)

1. Open: 95.29724;
   
2. Stop loss: 94.86104;
   
3. Take profit: 96.60584 / 97.04204 / 97.47824;
   
   Disclaimer
   Every trader should make their trading decisions based on their own analysis and circumstances. The signals in this channel should be considered as an additional tool for your own consideration.
   
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Trade closed: stop reached