$RIF Appears Prepared to Bounce Back Following This Flush
I will be taking this trade. Here’s why.
Following a significant decline, $RIF is starting to respond from a robust buying zone. As expected, buyers came in at the exact area I was looking for, and even with the fast rejection candle, the price remains well above support. Provided that this area holds its ground, I believe that this bounce could continue to run.
Long Trade Set Up
Entry: 0.0732
Stop Loss: 0.0720
Target 1: 0.0744
Target 2: 0.0752
Target 3: 0.0759
I am not anticipating a continuous path. It may experience minor retracements during the process, but providing that the stop loss area holds, I would rather remain patient than chase after candles. Take your time and allow the set up to develop.
#RIF #BTC #BinanceSquare
#PalantirJumps10%OnQ2Beat
I will be taking this trade. Here’s why.
Following a significant decline, $RIF is starting to respond from a robust buying zone. As expected, buyers came in at the exact area I was looking for, and even with the fast rejection candle, the price remains well above support. Provided that this area holds its ground, I believe that this bounce could continue to run.
Long Trade Set Up
Entry: 0.0732
Stop Loss: 0.0720
Target 1: 0.0744
Target 2: 0.0752
Target 3: 0.0759
I am not anticipating a continuous path. It may experience minor retracements during the process, but providing that the stop loss area holds, I would rather remain patient than chase after candles. Take your time and allow the set up to develop.
#RIF #BTC #BinanceSquare
#PalantirJumps10%OnQ2Beat