Long Tezos After Bullish divergence
On the daily we see we are still in a strong uptrend.
On the 4H timeframe we're pulling back, and the impulse is probably turning to yellow around this price. This does not allow me to take this trade yet, as the impulse is red, but it is about
On the 45 minute timeframe, we see a bullish divergence, which, if it plays out, will also turn yellow.
SL: 3.35
Entry: 3.40
TP 1: 3.55
TP 2: 3.61
I expect the result of the divergence to get the price to the +1,5 to +2 ATR level.
If this plays out well, we might also have a new trade for longer term, because then we possibly will have formed a new higher low on the 4H timeframe, and we will see a continuation of the uptrend on the daily and weekly. This remains to be seen.
I will define my exit depending on the strength of the result of the divergence
On the 4H timeframe we're pulling back, and the impulse is probably turning to yellow around this price. This does not allow me to take this trade yet, as the impulse is red, but it is about
On the 45 minute timeframe, we see a bullish divergence, which, if it plays out, will also turn yellow.
SL: 3.35
Entry: 3.40
TP 1: 3.55
TP 2: 3.61
I expect the result of the divergence to get the price to the +1,5 to +2 ATR level.
If this plays out well, we might also have a new trade for longer term, because then we possibly will have formed a new higher low on the 4H timeframe, and we will see a continuation of the uptrend on the daily and weekly. This remains to be seen.
I will define my exit depending on the strength of the result of the divergence
הערה
How I found my entry:I found my entry at 3.38 - 3.385
I waited after the price ticked up to the +2 ATR line on this 10 minute timeframe, to pullback to the EMA and penetrate the EMA down to -0.5 ATR / -1 ATR.
I saw a finger pattern (bottom wick) on the 2 minute timeframe, while Stochastic RSI was crossing up on the 10 minute timeframe.
This seemed to me a good moment to enter.
Order was partly filled at 3.38
And then after I saw the bottom form, I bough the rest 3.385
This lower entry reduced risk even more.
הערה
Stoploss placementThe Stoploss has been placed below the bottom wick you can see on the 45m chart. If we get there and go lower, this idea will be invalidated
I consider it wise to lower the stoploss to 3.32 a bit below the wick.
I can't change the original idea anymore, but if you followed this trade a recommend to place it a bit lower , instead of 3.35
הערה
Stoploss was hit, if you had put him there.This irrational behaviour was due to BTC declining.
I did lower the stoploss and am still in the trade.
You could consider reentering if you were stopped out.
Trading alts in the shorter term is very dangerous, because it very much depends on the volatility of btc, which makes the behaviour irrational on the short term.
עסקה סגורה: היעד הושג
Sold at 3.5722
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כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.