CMTUSD showing classic Cup and Handle Accumulation model, price in e phase. Mark up phase started, so we waiting for targets: 0.06$ and above.
How to trade it now?!
Enter at retracements looking on 4h or 1h charts.
You can ask if you have questions PM me or in telegram.
Commodity : CYBERMILES
Trade Type : LONG
Trading Against : BITCOIN
Entries : Double-UP Entries throughout the Buy Zone
Profit Taking : 25% at each TP point. Keeping 25% to run after all TPs are filled
Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on
Duration - 1-4 weeks
Investment in trade : 15%...
After CMT hit 980, it confirmed the successful Double Bottom pattern
Touching resistance, CMT dropped to support zone 800-850
Currently, 800-850 is a safe buying zone with stoploss right at 800
If the next upward movement breaks the previous resistance (980), the second potential target is 1160
Buy at 800-850
Target 1: 940 - 980
Target 2: 1130 - 1160
as i told you cmt started bullish trend
and 2 target reached now.
if 3rd target want to touch it soon this level most be support it
breaking this support can be stop loss
so follow price and keep watch
also maybe 3rd target be 0.0000110 for now
#Classic Analysis:price is in historical supportive zone
Reduce the slope of down trend
#Indicators: The price crossed KUMO cloud & K ,In Ichimoku indicator
*Entry: After green zone’s breakout , get a good trigger in lower time frame