A New Trading Opportunity to Buy. TP3 hit with 328 profit...REDDCOIN/BITCOIN
New trading suggestion:
*The price is in an Up Trend and we forecast the uptrend would continue.
*There is still possibility of temporary retracement to suggested support line (0.00000080) , if so, traders can set orders based on Price Action and expect to reach short-term targets.
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Trade Setup:
We opened 7 BUY trade(s) @ 0.00000058(day close price) based on reversal candle ( Hammer ) at 03.18.2018.
Total Profit: 328
Closed trade(s): 108 Profit
Open trade(s): 220 Profit
Closed Profit:
TP1 @ 0.00000081 touched at 04.11.2018 with 23 Profit.
TP2 @ 0.00000092 touched at 04.11.2018 with 34 Profit.
TP3 @ 0.00000109 touched at 05.02.2018 with 51 Profit.
23 + 34 + 51 = 108
Open Profit:
Profit for one trade is 0.00000113(current price) -0.00000058(open price) = 55
4 trade(s) still open, therefore total profit for open trade(s) is 55 x 4 = 220
All SLs moved to Break-even point.
Take Profits:
TP4= @ 0.00000124
TP5= @ 0.00000145
TP6= @ 0.00000196
TP7= Free
Technical analysis:
ReddCoin/Bitcoin is in an Up Trend and Continuation of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 74.
