NEOUSD update: RSI confirms price reversal in 1H candles. The price did not hold earlier formed support at 38 level.
Instead it dropped to a possible support zone formed by MA50 and it is giving an additional confirmation of the price wanting to move further up.
Buy orders should set above 38 resistance level.
Stop-loss should be set to newly formed support at 34 level. Small percentage should be sold at Partial Profit area and rest should be left for the longer run.
Trading information:
Buy: 38 level
Partial profit: 49 level
Main profit: 61 level
Stop-loss: 34 level
Things to remember:
It's better to wait than to regret. This is important when you are doing long term investments! Knowledge behind of your trades gives you success, more often!
Any questions or need help? Feel free to leave comments and feedback!
Yarr!
Instead it dropped to a possible support zone formed by MA50 and it is giving an additional confirmation of the price wanting to move further up.
Buy orders should set above 38 resistance level.
Stop-loss should be set to newly formed support at 34 level. Small percentage should be sold at Partial Profit area and rest should be left for the longer run.
Trading information:
Buy: 38 level
Partial profit: 49 level
Main profit: 61 level
Stop-loss: 34 level
Things to remember:
- To trade safely we need to use stop losses in case something goes wrong.
- Note this is a long term trade! Requires patience and flexibility to adjust the sails of the market movement.
- Always be aware of things, trends and events what's happening around the current crypto you are trading. They may have big impact on the price movement!
It's better to wait than to regret. This is important when you are doing long term investments! Knowledge behind of your trades gives you success, more often!
Any questions or need help? Feel free to leave comments and feedback!
Yarr!
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