Positive Points for long position:
+ Low volatility (low volumes).
+ Clear buyer limit support.
+ Potential breakout soon (place limit orders with Fib).
+ Bullish RSI.
Negative Points for long position:
- Uncertain short-term direction.
- Local trend resistance.
- Below MA200.
- Possible breakdown.
- LH 4H
(?) BTC - not clear.
+ Tomo could definitely rise further. Low volatility presents an optimal opportunity for buying with limit orders. It's advisable to consider participating even in the event of a breakout (with strong market volumes) that will likely drive price higher.
- For day traders using a scalp strategy, a breakdown trade might also be favorable.
+ Low volatility (low volumes).
+ Clear buyer limit support.
+ Potential breakout soon (place limit orders with Fib).
+ Bullish RSI.
Negative Points for long position:
- Uncertain short-term direction.
- Local trend resistance.
- Below MA200.
- Possible breakdown.
- LH 4H
(?) BTC - not clear.
+ Tomo could definitely rise further. Low volatility presents an optimal opportunity for buying with limit orders. It's advisable to consider participating even in the event of a breakout (with strong market volumes) that will likely drive price higher.
- For day traders using a scalp strategy, a breakdown trade might also be favorable.
Trade closed: target reached:
EZ 30%
Comment:
Told you :)
