COMPUSDT Break out trend line!/Trading Strategy
COMPUSDTNotice in chart---Red: rise; Green: fall
1H trend chart
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Price took out the long-term downtrend line, we consider it as a reversal signal.
Additionally, price stood firm on Fib(0.618)level which is 338.4
With both conditions, trading strategy as below.
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Profit Targets:
a) 374.75----Fib(1)
b) 400.65~411.10----Fib(1.272~1.382)
c) 433.60-----Fib(1.618)
Stop losses:
a) 317.7----Green horizontal ray
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Trading is a reflection of yourself, sometimes you need to take a step back to see more.
Learn more daily and Be ready for any opportunities daily.
Have a nice trading!
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🌔Signal channel: t.me/tradingdiary_cat
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.