From November 15th to December 2nd, TARA formed a bull pennant.
However, TARA did not break out of the pennant; instead, it formed a congestion zone.
Every daily candle from November 22nd until today closed inside the body of the daily candle of November 22nd. The price range of this congestion zone is between 0.0151 to 0.019.
A Congestion zone, especially if it is narrow in price and prolonged in duration, can serve as a strong support and an area to send the price higher.
My initial target is the bull pennant target of 0.036 cents.
IMO, this trade is more suited to a spot buy and not a futures trade, but it could also be a futures trade, provided that you use low leverage.
Trade Idea:
Entry: 0.019 (range high).
SL: 0.015 (range low).
Target: 0.036
R: R: 1:4.33
NFA.
What do you think? Please share in the comments.
Best Wishes.
However, TARA did not break out of the pennant; instead, it formed a congestion zone.
Every daily candle from November 22nd until today closed inside the body of the daily candle of November 22nd. The price range of this congestion zone is between 0.0151 to 0.019.
A Congestion zone, especially if it is narrow in price and prolonged in duration, can serve as a strong support and an area to send the price higher.
My initial target is the bull pennant target of 0.036 cents.
IMO, this trade is more suited to a spot buy and not a futures trade, but it could also be a futures trade, provided that you use low leverage.
Trade Idea:
Entry: 0.019 (range high).
SL: 0.015 (range low).
Target: 0.036
R: R: 1:4.33
NFA.
What do you think? Please share in the comments.
Best Wishes.
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。