$ONE is one of my favorite chart to trade.
Eyes on this area!
- Fibs Golden Spot
- Trend line
- Break out of Bullish wedge
Holding this support is key!
Watching next few candles for an entry at 0.286..
TP1 0.368 (50 percent position)
TP2 - ATH - let it run
The trend is your friend.
Reasons to enter:
- Bounce off trend
- Flip Resistance/Support
- Hammer on support
Entry - 3962.3
SL - 3852.3
TP1 - 4185.6 (25%)
TP2 - 4388.03 (25%)
Let 50% position run
Break and close below support 3962
Is SHIBS a shitcoin? Absolutely.
As a trader, even in a shit coin, you find opportunities.
The last impulse move has rejected at the previous ATH candle close. IF we manage to break that previous high I will be watching for an entry and rise a potential second wave.
If we fail to push higher RIGHT NOW, and potentially lose the lower support. Then so be it....
Watching for a change in Market Structure.
Sideway accumulation, Confirmation of bullish momentum is key here before making a move.
Break and retest of 0.03c area = Entry
Invalidation - Break of current support
UPDATE FROM CHART POSTED A FEW DAYS AGO - I was chasing the breakout and retest
Retest incoming! Watching for an entry before pushing higher.
Bounce off new support aligns with 61.8 fibs.
Invalidation - Failed retest
Consideration - $BTC & BTC dominance trading up
Will $PYR demand be strong enough to push higher?
Ticked all the boxes on $UNI
I am Long on #FTX
Entry - 25.486
SL - 25.438
TP1 - 27.440 (25 percent position)
TP2 - 30. 157 (50 percent position)
Let remaining 25 percent position run adjusting stop loss
Invalidation of trade = Break below 24.782
1. Break & retest $1
2. Solid close above support
3. Entry off candlestick confirmation
4. Stop loss below Previous Structure (red)
5. Manage Trade at Target 1 and 2
Invalidation of trade = Rejection at $1 + close below 0.92 (area)
1. Break and retest
2. Close above support
3. Watch next candle
5. Manage spot trade at target levels based of Fibonacci extension tool
6. Decide on letting this spot trade run due to strong fundamentals once Target 2 is reached
XRPUSD's downtrend recently broken, we seem to be in an uptrend (or about to consolidate before heading back up again). Currently squeezing up this ascending triangle, hopeful to catch the breakout of resistance 0.2037. Setting up my stop loss below new support (previous low) and TP at next resistance (looking left we could have a decent push).