Hello everyone!
Trading plan for DASHUSDT
First of all, I would like to note that the price is in the 50-62% Fibo zone of the global 4h wave. Statistically, the trend is healthy when the pullbacks do not exceed more than 60-62%. So on the 4 hours chart, the trend remains bullish.
Second importan thing, I see a locked sell area on the chart in this global Fibo zone. Such provocations often gives a reversal of the movement. Level 192 is critical support. If the price breaks down 192 and closes below, with a high probability we will see the price lower to the next locked zone - 160-163. If there is a rebound from this level (a small puncture is possible), the growth scenario remains. Work according to the principle "If... then... ". So the cancellation of the bull scenario is if the price will break and holds below 192.
Third. The minimum raise potential at the moment is resistance 227.
The optimal target is level 246, which will give an excellent risk/reward ratio.. Above 246 - trailing position + breakeven.
Resume
Direction - Long
Buying area 192-210.
Targets 227, 246 and 290.
Cancellation of the scenario - breakdown 192 and close below.
Operations in financial markets can bring both large potential profits and are associated with potential risks associated, among other things, with the effect of leverage and high volatility of instruments used in trading in financial markets.
The provided forecast is a subjective analytical assessment of the situation in the financial market and in no way is it a recommendation for opening deals, investing and developing your own trading strategy.
Trading plan for DASHUSDT
First of all, I would like to note that the price is in the 50-62% Fibo zone of the global 4h wave. Statistically, the trend is healthy when the pullbacks do not exceed more than 60-62%. So on the 4 hours chart, the trend remains bullish.
Second importan thing, I see a locked sell area on the chart in this global Fibo zone. Such provocations often gives a reversal of the movement. Level 192 is critical support. If the price breaks down 192 and closes below, with a high probability we will see the price lower to the next locked zone - 160-163. If there is a rebound from this level (a small puncture is possible), the growth scenario remains. Work according to the principle "If... then... ". So the cancellation of the bull scenario is if the price will break and holds below 192.
Third. The minimum raise potential at the moment is resistance 227.
The optimal target is level 246, which will give an excellent risk/reward ratio.. Above 246 - trailing position + breakeven.
Resume
Direction - Long
Buying area 192-210.
Targets 227, 246 and 290.
Cancellation of the scenario - breakdown 192 and close below.
Operations in financial markets can bring both large potential profits and are associated with potential risks associated, among other things, with the effect of leverage and high volatility of instruments used in trading in financial markets.
The provided forecast is a subjective analytical assessment of the situation in the financial market and in no way is it a recommendation for opening deals, investing and developing your own trading strategy.