FUNUSDT is exhibiting a compelling technical setup based on recent price action analysis, particularly on the 4-hour timeframe. The cryptocurrency is displaying a bullish divergence on the RSI, suggesting a potential reversal for a bullish trend.
Here's a summary of the potential trading opportunity:
Entry: Consider entering a long position at $0.004701
Stop Loss (SL): Set the stop loss at $0.004528 to manage potential downside risk.
Take-Profit Levels:
TP 1 @ 1:1 = $0.004874.
TP 2 @ 1:2 = $0.005046.
TP 3 @ 1:3 = $0.005219.
TP 4 @ 1:4 = $0.005391.
This trade plan is designed to take advantage of the observed bullish divergence on the RSI, indicating a potential reversal for a bullish trend. Managing risk through a stop loss and setting multiple take-profit levels aligns with a comprehensive trading strategy. As always, it's important to stay informed and adapt to changing market conditions for successful trading.
Here's a summary of the potential trading opportunity:
Entry: Consider entering a long position at $0.004701
Stop Loss (SL): Set the stop loss at $0.004528 to manage potential downside risk.
Take-Profit Levels:
TP 1 @ 1:1 = $0.004874.
TP 2 @ 1:2 = $0.005046.
TP 3 @ 1:3 = $0.005219.
TP 4 @ 1:4 = $0.005391.
This trade plan is designed to take advantage of the observed bullish divergence on the RSI, indicating a potential reversal for a bullish trend. Managing risk through a stop loss and setting multiple take-profit levels aligns with a comprehensive trading strategy. As always, it's important to stay informed and adapt to changing market conditions for successful trading.
Trade active:
TP 1 HIT
Comment:
TP 2 HIT 🎯🎯
Trade closed: target reached:
ALL TPs HIT 🎯🎯🎯🎯