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TintinTrading
Apr 12, 2024 3:55 AM

✅ NEW TRADE REVIEW: $CROUSD Long

Cronos/TetherOKX

Description

- CROUSDT is buyable through a tight pibot near the low

WHAT I LIKE IN THE CHART
- Had +150% powerful move up
- Great volume charactersitics
- Tightening down with lowering volume

WHAT WOULD BE A NORMAL TURN OUT FOR THIS STOCK
- A normal behaviour would indicate a push higher to the organge box, named 'CONSOLIDATION' withouth increasing volatility (aka without moving below the Stop Loss red dotted line)
- This is great place to START a position (not whole but a quarter of position size (e.g. if you full position size is $25,000, it is a good place to start with $5,000-8,000)

NEXT Technical buy point is a consolidation in the box and breakout there

The risk is less than 5% on the trade. As the stock moves up, it is important to keep managing the risk reward relationship

DISCLAIMER:
THIS IS NOT FINANCIAL ADVICE. ONLY FOR EDUCATIONAL PURPOSES TO ILLUSTRATE TECHNIQUES
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