ONE/USDT : Buy setup | RR 9.5 | Breakout from descending channel

ONEUSDT
Hello everyone 😃

ONE had a breakout from it's descending channel and now MA200 is trying to reject the price.
There is a possible retest on Channel's higher or support zone;
It could be good to take a bag of it at retest point..

📌 BTC is moving below resistance line and bearish trendline now !
So, Be very careful with altcoin trading in the next couple of days. Altcoins are highly affected by Bitcoin, even 3% downward move causes 10% dump on some alts.
Moreover, $BTC just pumped without any correction from $47k to $55k (+17% pump), so If you have any position in profit, make sure you moved stop loss at break even.
Unless BTC.D breaks the 50% support level in Daily TF !

🔴 MACD is being bearish;10% correction in short-term is expected !

Hope you enjoyed our analysis about ONE's buy setup🙌
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Attention: this isn't financial advice we are just trying to help people on their own vision.

Have a good day!
@Helical_Trades

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Next month will be great for Alts..
Don't miss it !