SAGAUSDT trade ideas
Saga Near Support resistanceSaga is near support level after falling sharply and i am expecting to bounce back since it's near Support level.
it will be a short duration trade
Currently it's in channel and if it breaks and after pull back sustains the momentum then i can expect a target of 1.3440 ( If it sustanins)
i am also bearing in mind that previous trend is bearish so every opputunity of rise in price may actually be a selling oppurtunity...so have to be cautious
Above is soley for my own learning and my own notes....
Short-term trade on SAGAUSDTSAGAUSDT was falling from its release from 09-APR-2024 then came to accumulation zone with minimal stop loss we can earn huge amount.
entry when BTC settled down
stop was 1.27-1.25 your wish (if you dare some extra, use 1.24 as stop) (please use it.)
target was
25% at the 1.55
50% at the 1.75
rest I will update (based on the price action and the TA).
WHY I ENTERED:
I observed that OI was increasing, and the price was accumulating for the past 15 days, also price did not move below when BTC was moving down.
The price was in the POC area.
I think this may be the bottom.
Note:
please use the stops
all trades do not hit targets
we can hit stop-loss in this trade
please manage your capital effectively
here we can risk 7% of capital because it was a lower risk than others but be sure to calculate your loss at the level of 1.27,1.26,1.25.
