Timeframe : DAILY
TP @0.108-0.11 Confirmations
1. Fib -0.618
2. Previous Support (Will act as resistance for this uptrend move)
3. Broadening Rising Wedge Pattern Target
4. Trendline retest (this will be the fourth time and a possible breakout which will lead to a good entry)
Uptrend Confirmations :
1. RSI Oversold (which means the market can go more oversold)
2. RSI Bullish Divergence
3. Upcoming 20/50smma crossover 200 on Daily, But on 4hour timeframe the SMMAs already bullish crossover.
4. A a bounce from Major Support, be aware that this could be tested again too so have your strategy working to to know the best possible entry you can get.
5. Possible test of trendlines which will result a possible breakout too.
Entries and Stoploss (I'll let you plan this one. but if you're on spot trading, just DCA until major support)
TP @0.108-0.11 Confirmations
1. Fib -0.618
2. Previous Support (Will act as resistance for this uptrend move)
3. Broadening Rising Wedge Pattern Target
4. Trendline retest (this will be the fourth time and a possible breakout which will lead to a good entry)
Uptrend Confirmations :
1. RSI Oversold (which means the market can go more oversold)
2. RSI Bullish Divergence
3. Upcoming 20/50smma crossover 200 on Daily, But on 4hour timeframe the SMMAs already bullish crossover.
4. A a bounce from Major Support, be aware that this could be tested again too so have your strategy working to to know the best possible entry you can get.
5. Possible test of trendlines which will result a possible breakout too.
Entries and Stoploss (I'll let you plan this one. but if you're on spot trading, just DCA until major support)