Long Entry Signal for MEMEFI/USDT

5 days ago

Based on the daily chart for MEMEFIUSDT on Bybit, here's a concise analysis:

MLR vs. SMA: The MLR (blue) is above the SMA (pink), indicating a bullish trend.
MLR vs. BB Center: The MLR is above the BB Center Line (orange), suggesting bullish momentum.
PSAR: The PSAR dots (black) are under the price, confirming a bullish trend.
Exception: There is no 200-period SMA available to guide us on the long-term trend, so proceed with caution.

Current Strategy: Since all entry conditions for a long position are met (MLR above SMA, MLR above BB Center, PSAR under price), you might consider entering a long position.

Stop Loss (SL): Set the stop loss at the current level of the PSAR dots to manage risk.
Monitor My Idea: Keep monitoring my idea for any changes in trend or for potential profit-taking opportunities.

Thank you1

4 days ago

Note

Trade is still active; don't forget to move the stop loss (SL) to the Parabolic SAR (PSAR) and wait for the Middle Line Regression (MLR) to cross the Simple Moving Average (SMA) for the exit. Price action isn't in our favor right now, but the rules are here to guide us through times like these.

3 days ago

Trade closed: stop reached

Trade closed, stop reached.