TradingView
FiboTech
Oct 5, 2022 4:23 PM

BALUSDT Long

BAL / TetherUSBinance

Description

Hello my dear friends

Well, we will check one of the most negative of the month (:
The support range of $4.945 has been maintained and a positive RSI divergence has been issued in the four-hour timeframe.
If the current trend is above the blue range ($5.302), there is a high probability of forming an upward trend similar to the drawn scenario.

We would be happy to hear your comments.

Trade active

The price trend went above the blue range!
Now we can enter by observing the loss limit on the specified range

Comment

It is better to wait for the break of the trend line to enter the trade
As long as our loss limit is maintained, the trade is valid

Comment

It is true that our loss limit has not been activated yet, but it seems that considering the momentum of the downward trend, the above view has expired.

Trade closed: stop reached

Our loss limit is activated!
But according to the analysis, we had a good upward movement (;
More