The price bounces from the support zone. This zone is formed by the uptrend line, SMA100 and it can be a good starting point for a new upward movement. RSI confirms price reversal. MACD gives bullish signal. DMI allows opening long trades. Pending orders for buy can be placed at 290.00 level with stop at 257.00 level. Profit targets are 335.00 and 380.00 resistance levels. The part of trade volume can be left for long run.
firstly thanks for the amazing charts, so i have been following you for a while and i have observed, when ever you post a LONG trade, the time frame would be in '1 hour' ...is there any technical reason behind it, shouldn't we use '4 hour' or '1 day' as we are going long on trade..or is your time frame more reliable ..?
thanks in advance!
cryptonaive
⋅
@sameerboss31, i believe long means to buy more l, where as short means to short your holdings
ArthurHeidt
⋅
@cryptonaive, short means sell and buy back later, or lend and sell and buy back later and give back
long means buy and sell later
msb217
⋅
@sameerboss31, Long and short don’t refer to time, they refer to how you think the price is going to move. Long - “I think the price is going to go up”, short - “I think the price is going to go down”
ChrisImbeault
⋅
This trade is getting scary! Sell or hold??
CryptoNo0b
⋅
@tihina75 Why you're calling it a mistake, it's a long and it's not over yet.
@ArthurHeidt It's a long. Give it 24-72 hours. maybe more, maybe less.
@tihina75 hold it, the trade isn't over yet. Set stop loss as suggested by @DLavrov
tihina75
⋅
@CryptoNo0b, Thanks guys feel better now as a daily trader i'm a bit impatient
ArthurHeidt
⋅
@CryptoNo0b, i think the US dollar becomes an increasingly difficult comparision measurement
firstly thanks for the amazing charts, so i have been following you for a while and i have observed, when ever you post a LONG trade, the time frame would be in '1 hour' ...is there any technical reason behind it, shouldn't we use '4 hour' or '1 day' as we are going long on trade..or is your time frame more reliable ..?
thanks in advance!