WTC/BTC - Long - 0.382 to 0.618 Bounce - 57.2% Potential

Please leave a like and comment if you find value in this post! It is a really quick and effective way to show your support! Thank you and have a wonderful day!

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TA

-Closing above daily 200SMA
-Closing above 0.382 Fibonacci
-Closing above strong weekly resistance
-Target confluent with 0.618 Fibonacci and strong horizontal weekly resistance
-Bullish divergence on RSI
-Blue lines represent strong weekly support/resistance zones
-The grey lines are daily support/resistance zones

If close above 0.00000444, then trade is valid.

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Entry: 0.00000444
Entry Zone: 0.0000442 - 0.0000460

T1: 0.0000475
T2: 0.0000490
T3: 0.0000515
T4: 0.0000535
T5: 0.0000571

Stop: 0.0000403

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R:R: 3.01
Risk: 9.23%
Reward: 28.6%
Leverage: 2X
Leveraged Risk: 18.46%
Leveraged Reward: 57.2%

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Disclaimer:
This is not financial advice; I am not a financial adviser. This information is not meant to be used for financial advice, nor trade ideas. These posts are simply a record of my trade ideas and are intended for educational purposes only.

註釋

You can see the weekly support/resistance zones in this chart. Additionally, you can see that if price closes above 0.0000444, then it will likely also be closing above the weekly 21EMA. This coupled with the confluence of the daily 200SMA and strong weekly support will likely lead to some nice upside! Let's get this crypto!

註釋

WTC is forming an ascending triangle on the 4H. The measured move would take us up almost to our entry, but not all the way. We need to see candles closing above the entry before entering.