REEF/USDT 4H Timeframe entry points (1:3 risk/reward ratio)

17 ก.พ. 2021

Weekly timeframe:
Looks bullish, but i think it's just retesting the previous resistance.
Just broke above a bullish tunnel.

Daily timeframe:
Looks bullish (price above 20MA)
Tested the Daily support on 0.037$ and is now heading to the next Daily resistance 0.046$.

4H timeframe:
Price increasing
Testing resistances at 0.04

1H Timeframe:
Double bottom pattern
Strong Daily support 0.037
Next Daily support is 0.046

Strategy:
1st entry (75%): 0.039
2nd entry (25%): 0.037
Stop loss: 0.036 (below wicks on the left)
1st exit (breakeven): 0.045
2nd exit: 0.0475

Good trades!

BM