I guess we are at a local bottom right now and something big is brewing. Maybe we could see another big fast wick down to shake out all the weak hands, but the chance is very low right now. 🚀
And that's the main reaons I decided to take a long :
► Momentum going up + Price going down = good bullish divergance.
► We are in a falling wedge = bullish pattern
► broke out of this smaller channel
► High risk reward ratio
► Low risk with tight SL, big opportunity
► vwap switched into positive
► Moneyflowindex nearly 0 also switching into green
Trading setup:
Entry: $47446
SL: $45288
TP1: $52100
TP2: $59333
Disclaimer: DYOR. No financial advice. Just for your impression.
And that's the main reaons I decided to take a long :
► Momentum going up + Price going down = good bullish divergance.
► We are in a falling wedge = bullish pattern
► broke out of this smaller channel
► High risk reward ratio
► Low risk with tight SL, big opportunity
► vwap switched into positive
► Moneyflowindex nearly 0 also switching into green
Trading setup:
Entry: $47446
SL: $45288
TP1: $52100
TP2: $59333
Disclaimer: DYOR. No financial advice. Just for your impression.
Trade active
Trade closed: stop reached