לונג
REEF/USDT is it going up ?
evrything is explained on the chart :)
1/ the volume compared to candels size show the presence of smart money right on the breakout, then a quick retest with a low volume.
2/ a new up trend is confirmed ( higher high lower low ).
3/ the pair went through an accumulation phase without showing a sign of strength, wish mean that the pair is going back to the accumulation phase levels. ( expect and explosion if it brerak the 0.0565 )
Take profit : just above the next resistance wish is weak for that raison i fixed a 2nd tp right above the highest resistance. new trade expected after the breakout of that resistance.
Stop loss : just above the last support / to take more risks you can out it above the last Low at 0.0159
Good Luck
1/ the volume compared to candels size show the presence of smart money right on the breakout, then a quick retest with a low volume.
2/ a new up trend is confirmed ( higher high lower low ).
3/ the pair went through an accumulation phase without showing a sign of strength, wish mean that the pair is going back to the accumulation phase levels. ( expect and explosion if it brerak the 0.0565 )
Take profit : just above the next resistance wish is weak for that raison i fixed a 2nd tp right above the highest resistance. new trade expected after the breakout of that resistance.
Stop loss : just above the last support / to take more risks you can out it above the last Low at 0.0159
Good Luck
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