- *Price:* 90.923$ that you sent $HYPE
- *Historical levels drawn:*
- Historical support 88.500$ = the price bounced off this area before
- Historical resistance 92.400$ = the price was rejected at this area before
These are levels to watch and study, not entry orders
- *RSI 58.1 Neutral-Bullish:* above 50 means momentum was leaning upward in the past period, but still below 70 means there is no overbought (according to the books)
- *MACD Bullish:* the blue line is above the orange line and the histogram is green = upward momentum in this period on the 1H timeframe, but it needs confirmation with a candle and volume
*How to build your plan yourself from this image (educational example):*
Traders learn to wait for one of two events:
1- A retest of 88.5$ with a reversal candle
2- A close above 92.4$ with volume
In both cases, they calculate the risk as 1% of the account and a reward/risk of 1:1.5 as an example from capital management books.
$HYPE
#ZcashFalls21%FromSeptemberPeak #USSeptemberPayrollsAdd29KUnemploymentRises4.2% #BitcoinFundingRateTriplesTo10% #XRPPostsFirstThreeGreenMonthsInQ3 #Binance
- *Historical levels drawn:*
- Historical support 88.500$ = the price bounced off this area before
- Historical resistance 92.400$ = the price was rejected at this area before
These are levels to watch and study, not entry orders
- *RSI 58.1 Neutral-Bullish:* above 50 means momentum was leaning upward in the past period, but still below 70 means there is no overbought (according to the books)
- *MACD Bullish:* the blue line is above the orange line and the histogram is green = upward momentum in this period on the 1H timeframe, but it needs confirmation with a candle and volume
*How to build your plan yourself from this image (educational example):*
Traders learn to wait for one of two events:
1- A retest of 88.5$ with a reversal candle
2- A close above 92.4$ with volume
In both cases, they calculate the risk as 1% of the account and a reward/risk of 1:1.5 as an example from capital management books.
$HYPE
#ZcashFalls21%FromSeptemberPeak #USSeptemberPayrollsAdd29KUnemploymentRises4.2% #BitcoinFundingRateTriplesTo10% #XRPPostsFirstThreeGreenMonthsInQ3 #Binance
