April 26, 2024

Trading signals! | BCHUSDT, a funky bull wedge

Trading signals! | BCHUSDT, a funky bull wedge

In fact, a wedge has now formed on many coins. But I decided to enter most of the free depositexactly in BCH, since it is here that the technical picture meets all the requirements for a long trade, namely:

1. The wedge runs along Fibo 66.
2. The price is above the main EMA (50, 100) on the 4-hour time frame.
3. Acceptable risk/reward.

My deal:

Login: 860
Stop<699
Goal 1: 1200
Goal 2: 1300
Goal 3: 1400.

Deposit risk 1.5%, Risk / profit 1/3 (subject to fixing in equal parts on each of the goals, which I plan to do)
When the first goal is reached, the stop will be moved to breakeven.

My telegram channel: https://t.me/AVATrading_Public

Have a nice day.