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Long
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OCEANUSDT on daily support, likely to head to weekly resistance

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The price is currently at daily support. This makes a long favorable here towards the weekly resistance. The price might dip further into daily support zone, but a short in any way is not favorable from probability point of view.
Trade closed: target reached
This played out pretty well. The price moved up from the support and hit the resistance zone as marked on the chart. The weekly resistance did its job and sent the price back down. This concludes this idea and will look for a new setup in a separate post.
snapshot
angela_altair
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Chart PatternsTechnical IndicatorsoceanOCEANUSDOCEANUSDToceanusdtanalysisoceanusdtbuyoceanusdtlongOCEANUSDTPERPoceanusdttradeTrend Analysis

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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Chart PatternsTechnical IndicatorsoceanOCEANUSDOCEANUSDToceanusdtanalysisoceanusdtbuyoceanusdtlongOCEANUSDTPERPoceanusdttradeTrend Analysis
angela_altair
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.