Hi everyone,
This looks like a good setup with a good risk of 2.49 reward for BZRXBUSD, RSI is above 50 and 4h and 12h candle just broke the 200MA which indicates bulish momentum.
If the set up fails we can re enter on the support 2 below giving us a much higher risk reward of 4.6
Let me know your thoughts on this
Cheers!!!
This looks like a good setup with a good risk of 2.49 reward for BZRXBUSD, RSI is above 50 and 4h and 12h candle just broke the 200MA which indicates bulish momentum.
If the set up fails we can re enter on the support 2 below giving us a much higher risk reward of 4.6
Let me know your thoughts on this
Cheers!!!
Trade active:
For those who followed the set up. The coin already touched 50% of profit from our entry, maybe its a good idea to take some profit now or move SL to break even for a risk free trade and wait for it to reach the TP on the chart.