Here's a quick look at REEF 4 hr chart. As we can see, the price couldn't break through the resistance zone and came back down to 0.037$ where we saw a bounce. Now the price needs break above the blue triangle before we can build some momentum again. The crucial level to break above is 0.04$.
Note: Look for some volume to come in when the price breaks out from the triangle as confirmation.
The idea is: Buy the breakout from the triangle or at from the level shown in the chart and sell at the target areas shown in the chart.
Targets:
1. 0.049$
2. 0.053$
Profits can be taken in the resistance zone as well
Follow me for daily profitable trading setups
BTC dictates the market. If BTC goes down, then the alts will take a hit. Trade safe!
Note: Look for some volume to come in when the price breaks out from the triangle as confirmation.
The idea is: Buy the breakout from the triangle or at from the level shown in the chart and sell at the target areas shown in the chart.
Targets:
1. 0.049$
2. 0.053$
Profits can be taken in the resistance zone as well
Follow me for daily profitable trading setups
BTC dictates the market. If BTC goes down, then the alts will take a hit. Trade safe!
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🎖Telegram: t.me/MBM_786kr🎖
