XEL building up in volume with bullish trend upwards (supported by RSI). MACD crossover has happened and price is looking to jump the trend line.
In order to enter into a trade, I will be looking for the price to bounce off the lower trend line. If a 1 hour candle closes above the upper trend line, I will initiate the buy order.
Buy-in: after 1hr candle closes above upper trend line (blue)
Stop-loss: 10-15% below purchase price (when price breaks resistance #1, adjust stop-loss to just below this level ~0.00002630
Hope this helps! If you would like me to look at any others or want an update, holla at me! Cheers!
In order to enter into a trade, I will be looking for the price to bounce off the lower trend line. If a 1 hour candle closes above the upper trend line, I will initiate the buy order.
Buy-in: after 1hr candle closes above upper trend line (blue)
Stop-loss: 10-15% below purchase price (when price breaks resistance #1, adjust stop-loss to just below this level ~0.00002630
Hope this helps! If you would like me to look at any others or want an update, holla at me! Cheers!