About to enter an uptrend, broke over 50ma. Gap also has to be filled at 2.5 to 3.3 level so this could be a +100% trade. Seems like there is also a golden cross at 2h chart (also manifesting itself in the higher time graphs).
How would I play this?
I would enter asap as it looks like it will keep going up consistently over the next period of time. So enter at 1.58 and then exit whenever the price submerges the 50ma in 1day chart. Exit at 3.8 for safety measure.
Enter: 1.58
Stoploss: Under 50ma in 1day chart
Exit: 3.8
How would I play this?
I would enter asap as it looks like it will keep going up consistently over the next period of time. So enter at 1.58 and then exit whenever the price submerges the 50ma in 1day chart. Exit at 3.8 for safety measure.
Enter: 1.58
Stoploss: Under 50ma in 1day chart
Exit: 3.8