✳️ Golem | Multiple Bottom Signals (20% Risk vs 300% Growth Pot)Hello once more my dear supporter, let's review another chart together... We do this for learning just as we do it to spot trading opportunities. Good looking charts with nice growth potential. "High probability chart setups."
This time we are looking at Golem (GLMBTC).
I like the BTC pairings for many reasons but we will look at those in a different post.
Let's look at the price action up close:
➖ There's a low 9-January.
➖ GLMBTC moves below this low on multiple bearish candles.
➖ Current action is now back above this level and this becomes a bullish signal.
➖ This bullish signal we consider strong because of the rising volume, strong RSI and six consecutive days GLMBTC closing green.
➖ We also have a V shaped bottom pattern.
➖ Yesterday's session hit the lowest point but ended green. Another major bullish signal.
All these are pointing up.
When combined, they give out a really strong bullish bias.
When prices move above EMA50; 0.00000494, another strong bullish signal is confirmed.
So this is a good set up to go "long," or buy and hold.
You cannot go wrong with less than 20% risk and more than 300% potential for growth.
Multiple "trades" like this one and success is guaranteed long-term.
This is not financial advice.
Feel free to do your own research before trading.
This information is shared for learning purposes.
Namaste.
