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The risk management of the position must comply with the stop loss.
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BINANCE:WOOUSDT Long idea
⛔"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help.#DYOR"
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The price is trading between weekly support zone WS1 and weekly resistance zone WR1. I believe it is likely that the price will continue its upward journey towards weekly resistance WR1. Once it hits the resistance WR1, the price will be pushed back down. We will check what are the relevant lower time frame supports on the way down once it hits that resistance area.
Woousdt
Breakout was already confirmed retest in process incase of successful retest expecting 50-70% bullish move
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Dyor, Risk under your control
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Everything on the chart.
Entry: market and lower
Target: 0.32 - 0.38 - 0.45
after first target reached move ur stop to breakeven
Stop: ~0.15 (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 5
risk is justified
Good...
