Action: Set limit sell orders between $9743.5 and $9535.9
Stop Loss: $9913.5
Take Profit: $9258.5
Order valid: 12 hours from publication
I don't think orange wave 4 will go up into the sell zone (as written above), but if the price does reach these zones, it will be a great opportunity to get in and ride wave 5 down.
The profit target is quite conservative, so it should hit at least this price IMO.
A generous stop loss is given, as you never know what can happen in the crypto market and you need to give a bit of extra room.
Disclaimer: This material should not be the basis for making investment decisions, nor be construed as a recommendation to engage in investment transactions, and
is not related to the provision of advisory services regarding investment, nor is a recommendation being provided to buy, sell or purchase any goods or products.
Stop Loss: $9913.5
Take Profit: $9258.5
Order valid: 12 hours from publication
I don't think orange wave 4 will go up into the sell zone (as written above), but if the price does reach these zones, it will be a great opportunity to get in and ride wave 5 down.
The profit target is quite conservative, so it should hit at least this price IMO.
A generous stop loss is given, as you never know what can happen in the crypto market and you need to give a bit of extra room.
Disclaimer: This material should not be the basis for making investment decisions, nor be construed as a recommendation to engage in investment transactions, and
is not related to the provision of advisory services regarding investment, nor is a recommendation being provided to buy, sell or purchase any goods or products.
Trade active:
New stop loss at 10022.9
New profit target is 9415
I still am optimistic that there will be a fifth wave down.
If you enter a short now with a stop loss of 10022.9 and a profit target of 9415, your risk to reward ratio is around 1:2.75
New profit target is 9415
I still am optimistic that there will be a fifth wave down.
If you enter a short now with a stop loss of 10022.9 and a profit target of 9415, your risk to reward ratio is around 1:2.75
The RSI on the 1-hour time frame looks extremely bullish, so I will only target the length of orange wave 1 x 0.618 - end of wave 4. After I take profit I will almost immediately go long