Stochastic oscillator with parameter 8,3,3 8 EMA & 20 EMA
When to buy if you missed the boat of EMA crossover on 16-Jun
Mind Read: 1) Any Fibonacci Retracement Level? Answer: 23.6%, 38.2% (=S1) 2) Wait for reversal signal (black up arrow), did it close above 8 EMA? Answer: Yes 3) Stochastic (8,3,3) shows price convergence 4) LONG during phase 1
When to sell ? (Reverse Thinking) Retracement level from 5-Jun 15:00 to 20-Jun 13:00 was 23.6%, then I project another Fibonacci Retracement (grey colour) to let its 38.2% overlap to old one. Therefore I will expect the highest price will reach somewhere near $0.938. By confirming this is the highest price, I draw two parallel orange trend lines. $0.938 is trapped.
Risk: Stop-loss to be considered near S1 ($0.78), about 6%