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TrueUrBoss
Aug 7, 2022 5:36 PM

Cake/USDT Long📈 Long

CAKE / TetherUSBinance

Description

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Previous important support and resistance zones:

***r1: 4.277
***r2: 4.156

Conditions for Long:
1. Descending triangle breakout
2.trendline breakout
3.momentum indicator trendline breakout
4.support from previous resistance ***r1 zone
6.Money flow index turned green from red
7.volatility has increased
8.di+ is above the di-
9.adx line is above 20 level

Stoploss:
1.below the previous resistance zones of ***r1: 4.277

Take profit:
1.take profit is dynamic or trailing stop loss/take profit
2.need 9hr tf for multi-analysis potential reverse zone

Exit point:
1.will be updated later in the comments box only if anyone asks
Comments
TrueUrBoss
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Take profit target hit
TrueUrBoss
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Need 9hr tf for full confirmation

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