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KeylessCrypto
Sep 17, 2023 1:46 PM

TOMO 4H Review with FACTS Long

Description

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.



Trade closed: target reached

EZ 30%

Comment

Told you :)
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