I don't think the alt run is over yet, though I am wary of any big moves on BTC that could shake things up. So as always in this bear market, I'm keeping a tight stop-loss and booking profits quickly.
As you can see from the chart, we're in a support region with a lot of confluence on the 12H:
- 786 fib line
- Strong resistance-turned Support around 209 sats
- 55EMA on 12H
High probability and solid R/R. Entering on a higher low on the 1H. Will update on how this trade plays out.
Entry: 206-210 sats
TP: 230 sats (11%)
S/L: 201 sats
R/R: 3.8
As you can see from the chart, we're in a support region with a lot of confluence on the 12H:
- 786 fib line
- Strong resistance-turned Support around 209 sats
- 55EMA on 12H
High probability and solid R/R. Entering on a higher low on the 1H. Will update on how this trade plays out.
Entry: 206-210 sats
TP: 230 sats (11%)
S/L: 201 sats
R/R: 3.8
Comment:
Here's a very similar setup on GRS. Feeling very comfortable entering both of these trades if I see some support confirmation here.
