Why we are entering this trade:
Higher low on RSI oversold region, acting as support.
Target:
horizontal line resistance
Would have liked to have:
Bullish divergence, but that is very rare on the 4 hour.
Higher low on RSI oversold region, acting as support.
Target:
horizontal line resistance
Would have liked to have:
Bullish divergence, but that is very rare on the 4 hour.
Comment:
I forgot to add that this can be looked at as a 4hr DIVERGENCE, which is a very powerful signal. Because price is flat, while the RSI has a positive sloped support.
Comment:
Guys im extremely sorry that i'm careless when drawing these risk reward ratio/targets. your stoploss should be set at 0.4685
Comment:
bitcoin dumped, alts followed