DCRBTC is showing these following bullish signals:
- Bear trap (false break then re-claim the support area)
- MACD showing bullish divergence
- MACD grows above zero level
- Volume showed there were accumulation of big hands
We have 02 strategies to buy this coins
- Plan A: Wait for the break out of decline trendline, you can buy at the breakout or buy at the retest of trendline.
- Plan B: Wait for price to be back at the support area then buy there (I prefer this)
TP as on the chart
Stoploss: For both plan, put your stoploss below previous swing low.
Remember risk management, only risk 2-3% per trade.
Good luck!
- Bear trap (false break then re-claim the support area)
- MACD showing bullish divergence
- MACD grows above zero level
- Volume showed there were accumulation of big hands
We have 02 strategies to buy this coins
- Plan A: Wait for the break out of decline trendline, you can buy at the breakout or buy at the retest of trendline.
- Plan B: Wait for price to be back at the support area then buy there (I prefer this)
TP as on the chart
Stoploss: For both plan, put your stoploss below previous swing low.
Remember risk management, only risk 2-3% per trade.
Good luck!
Comment:
The lower support area couldn't hold, no price action here so we have no setup. Therefore, this plan is canceled and we will move to other pair or wait for the support area to be claimed again for future trade
The lower support area couldn't hold, no price action here so we have no setup. Therefore, this plan is canceled and we will move to other pair or wait for the support area to be claimed again for future trade
The price went down to the support area, however, with the volatility of BTC. I prefer to not enter trade here and watch the reaction in this area or even the lower support area.