FLUXUSDT is exhibiting a bullish divergence on the 1-hour (1H) time frame, suggesting a potential reversal in the current trend. Here's a concise analysis with a suggested trading strategy:
Entry: Consider initiating a long position by placing a buy-stop order at 0.5555.
Stop Loss (SL): Implement a risk management stop loss at 0.5159 to mitigate potential losses.
Take Profit (TP): Set take-profit levels to achieve a 1:1 and 1:2 risk-reward ratio:
TP1 = 0.5951
TP2 = 0.6347
This trading strategy aims to capitalize on the anticipated bullish reversal indicated by the observed divergence. Traders should remain attentive to any changes in market dynamics and adjust their approach accordingly.
Entry: Consider initiating a long position by placing a buy-stop order at 0.5555.
Stop Loss (SL): Implement a risk management stop loss at 0.5159 to mitigate potential losses.
Take Profit (TP): Set take-profit levels to achieve a 1:1 and 1:2 risk-reward ratio:
TP1 = 0.5951
TP2 = 0.6347
This trading strategy aims to capitalize on the anticipated bullish reversal indicated by the observed divergence. Traders should remain attentive to any changes in market dynamics and adjust their approach accordingly.
Trade closed: target reached:
TP 1 HIT
TP 2 HIT
TP 2 HIT
Trade closed: target reached