SC 150 day accumulation zone looking to expand
SC looking extremely good here for a very high Risk/Reward trade.
- Been in the same zone for approx 150 days which usually indicates accumulation at the bottom of a trend
- Higher low on the weekly/monthly
- True golden cross on the daily (48,5/13 EMA crossover)
- Daily closes give trendline support (see updates below)
- Made a higher low on the daily and now nearing a higher high
- Been in the same zone for approx 150 days which usually indicates accumulation at the bottom of a trend
- Higher low on the weekly/monthly
- True golden cross on the daily (48,5/13 EMA crossover)
- Daily closes give trendline support (see updates below)
- Made a higher low on the daily and now nearing a higher high
Comment:
Daily closes supportline, higher low. Now looking to break horizontal resistance/ for a STF higher high
Trade active:
possible entry point here
My ideas are not meant for trading advice, always do your own research. Always be prepared for bull and bear scenarios
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If my ideas were helpfull, feel free to donate here: 1Kufwyg8tq8s76SUfCPvCZUVgLxSha8UZZ