Currency $V Trading Alert š¹
Consolidation. Suggested.
Entry range: 354.4206-357.8394
Stop loss: 352.7112
Targets: 359.6913, 362.5403, 366.1016
Technical analysis: The current trend is just annoying to look at. The two EMA lines are stuck together like theyāre half-asleepāthereās basically no meaningful crossover around 356.43 and 356.80. RSI is 41.6, weak and lethargic on the ground. The longs donāt have strength, and the shorts arenāt pressing either; itās just grinding. Calling it āconsolidationā is giving it creditāitās likely just bouncing within roughly 352.7 to 358. Thereās no volume on both sides; entering would just be donating trading fees to the exchange. Set the stop loss at 352.71āif it breaks, run honestly, donāt argue with the order book. Anyway, Iāve decided to lie low and wait for it to choose a direction on its own. Entering right now is basically asking for a beating.
Suggested stop-loss level: 352.711152. Please adjust your position size according to your own risk preference
#V
Consolidation. Suggested.
Entry range: 354.4206-357.8394
Stop loss: 352.7112
Targets: 359.6913, 362.5403, 366.1016
Technical analysis: The current trend is just annoying to look at. The two EMA lines are stuck together like theyāre half-asleepāthereās basically no meaningful crossover around 356.43 and 356.80. RSI is 41.6, weak and lethargic on the ground. The longs donāt have strength, and the shorts arenāt pressing either; itās just grinding. Calling it āconsolidationā is giving it creditāitās likely just bouncing within roughly 352.7 to 358. Thereās no volume on both sides; entering would just be donating trading fees to the exchange. Set the stop loss at 352.71āif it breaks, run honestly, donāt argue with the order book. Anyway, Iāve decided to lie low and wait for it to choose a direction on its own. Entering right now is basically asking for a beating.
Suggested stop-loss level: 352.711152. Please adjust your position size according to your own risk preference
#V