TradingView
VectorAlgo
Feb 17, 2024 8:17 PM

SC - Driving towards support | +310% Profit Target Long

Siacoin / TetherUSBinance

Description

#SC/USDT Analysis
Description

---------------------------------------------------------------
+ SC is currently moving towards the support line, if the it goes in this direction i'm expecting a nice double top pattern which is more bearish for SC.
+ I'm expecting this trend to continue and hit the next support before consolidating.
+ I'm not waiting for double top instead trading while double top is forming.
---------------------------------------------------------------
VectorAlgo Trade Details
------------------------------
Entry Price: 0.012568
Stop Loss: 0.014570
------------------------------
Targets 1: 0.01186
Targets 2: 0.01104
Targets 3:0.009839
Targets 4: 0.008537
------------------------------
Timeframe: 1D
Trade Type: Short
Capital: 1-2% of trading capital
Leverage: 5-10x
---------------------------------------------------------------
Enhance, Trade, Grow
---------------------------------------------------------------
Agree or Disagree with the ideas ? lets discuss in the comments.
Like and follow us for more ideas.

Regards
VectorAlgo

Comment

Note: This is a SHORT trade

Comment

Enter only after candle closes below our entry price.

Comment

Looks like its gonna break the resistance

Comment

Up and Down, Crazy moves by SC
More