ELROND MAINNET LAUNCH
Long idea on the daily chart
Correction after a massive rally
Mainnet launch in 9 days
STOCH RSI oversold
wait for STOCH RSI cross over and candle close before entry.
Stop loss in case of breakout below the baseline of the trend.
Take profit around launch
bull flag present on daily, Wave 4 of elliot wave theory
Keep in mind head and shoulders pattern on lower time frames, but should be invalidated by the context of mainnet launch.
(Not financial advice, just recording my trade ideas. Disclaimer long since 36 SATS )
Correction after a massive rally
Mainnet launch in 9 days
STOCH RSI oversold
wait for STOCH RSI cross over and candle close before entry.
Stop loss in case of breakout below the baseline of the trend.
Take profit around launch
bull flag present on daily, Wave 4 of elliot wave theory
Keep in mind head and shoulders pattern on lower time frames, but should be invalidated by the context of mainnet launch.
(Not financial advice, just recording my trade ideas. Disclaimer long since 36 SATS )
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