#EGLD/BTC - Long - Potential 6.79% Long

EGLD / BitcoinBinance

Description

⋅ Jun 13, 2023 8:25 AM

Direction: Long
Market: Spot
Risk: 0.25% - 1%
#BTC_EGLD
Exchange: BINANCE
Timeframe: 360

TP1: 0.001259
Entry: 0.001179
STOP: 0.001099

Entry Conditions:
| Support bounce
| Tredline break
| Oversold
| RVI breakout

ALT re-accumulation possible here, even if just DCA algo's buying the dip's. Be wary of the news cycle CPI data and likely more Binance FUD dropping later today.

If inflation comes in high we could see risk assets drop - so close early if in profit.