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FieryTrading
Mar 3, 2021 5:21 PM

πŸ”₯ BZRX Channel TradeΒ Long

Description

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BZRX has been trading inside this big channel for quite a while now. Zoom out for a better overview.

My expectation is that BZRX will continue to grow for a short while until it reached the 0.54 area, after which I expect a small pull-back towards the 0.5 support. This support is also out entry at that point.

On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs/lows. Do your own due diligence.

Happy trading!
Comments
ProSignalsFx
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0.65 seems like a good target! great post!
FieryTrading
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@MountainTraderFX, great to hear! cheersπŸ”₯
CPgains
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i bought at 0,5 do u think it will go up again?
DangerMind
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Same
DangerMind
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@CPgains, same I purchase this 24 hours before in .50
Shall i hold or sell
FieryTrading
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@DangerMind, do your own analysis and determine if it's worth it to hold for a longer period.
DangerMind
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@FieryTrading, what's your suggestion
FieryTrading
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@DangerMind, I don't see an entry at the moment. Next possible entry for me would be the channel support.
Mahtab_Tradia
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Lovely setup! Thanks for sharing
KlejdiCuni
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Very detailed analysis. Thanks
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