Hello everyone! Just remind, that in my previous analysis, everything is the same as before, I will just give a new comment about the current situation!
Cause in my last analysis, I have recommended putting first take-profit at the $ 12500, as a result, we didn’t fix our first take-profit(we touched the level of $ 12,468, i.e. just did not have enough $ 32 before the profit would be taken, followed by a strong fall, I am doing my analysis on "binance" exchange)
As a result, we have touched an important trend, which is based exclusively on a big candlesticks shadows and after buy-back has happened (you can see that on 4h timeframe), leaving large wicks of purchases from the bottom to up, also after a rebound, they are held at the last local impulse point $ 11750 -11800.
There is also a level from $ 11300 to $ 11400, which has a second important trend as well, which is indicated by the presence of absorption.
Consequently, the recommendations for trade remain almost the same, specifically(We allocate 50% of the deposit for long):
P.S. More bonanza more development for us)))
Cause in my last analysis, I have recommended putting first take-profit at the $ 12500, as a result, we didn’t fix our first take-profit(we touched the level of $ 12,468, i.e. just did not have enough $ 32 before the profit would be taken, followed by a strong fall, I am doing my analysis on "binance" exchange)
As a result, we have touched an important trend, which is based exclusively on a big candlesticks shadows and after buy-back has happened (you can see that on 4h timeframe), leaving large wicks of purchases from the bottom to up, also after a rebound, they are held at the last local impulse point $ 11750 -11800.
There is also a level from $ 11300 to $ 11400, which has a second important trend as well, which is indicated by the presence of absorption.
Consequently, the recommendations for trade remain almost the same, specifically(We allocate 50% of the deposit for long):
- 1-st limit-order(current price): $11700 - 11800
- 2-d limit-order: $11200
- Stop&Take:
- Stop: 10600
- Take: 13000
- Risk-reward ratio: 1:2
P.S. More bonanza more development for us)))