BYBIT:GPTUSDT.P
his idea has a medium-term profit target.
All targets are indicated on the graph.
- Risk 1% on deposit
- R/R 1/2
P.S (This is not an investment recommendation, this is my personal opinion.)
2h time frame
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GPT is creating a potential triangle structure which bottom is around 0.008. Also, if this is a continuation structure, GPT is probably on the Elliott 2nd wave(correction wave), this makes us to expect higher target. Further, 0.0126 and 0.015 are obvious structural resistance, which could be our targets.
TP: 0.0126 / 0.0155
SL: 0.0074
4h time frame
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GPT creating falling wedge structure on 4h.
We can expect 0.03 once breaking above this wedge.
0.0135~0.015 is an entry zone with great RRR.
TP: 0.032~0.035
SL: 0.0115
Yeah Gpt breakout on the 1 hr , super oversold, last support band 1 hr. Taking all the way to resistance.
This last trade I will post for the next couple weeks but I will update all trades posted. Thank you for indulging me.
Stop just under support. For this trade u can use between 10x- 20x cross margin however guys, no more than 1/10 of balance in trade 9/10...
