Reasons to enter 1. Support retest on 4hr chart. 2. Bullish RSI on 4hr. 3. Decent R/R.
Strategy R/R Ratio = 2.36 or 3.76 Entry: around 0.00002351 Stop loss: 0.00002142 Target 1: 0.00002852 Target 2: 0.00003093
I will take the initial 75% profit at Target 1 and will let the rest 25% run towards Target 2. Also once Target 1 is reached I will update stop loss in break even.
Please take a look at my trading idea "Perfect moment to buy ALTS!" where I explain why I think ALTS are due for a big bounce. Trade safe fellas!
Trade active
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Updating the stop loss to 0.00002364. Running trade risk-free now.