๐จ Fast and direct speculative trade (scalping) ๐จ
๐ Coin name: $BTW
๐ Timeframe: 1 hour (1H)
After the coin's sharp corrective decline from its previous high, the Relative Strength Index (RSI) on the hourly timeframe reached an extreme historic low below 19.5 (severe oversold conditions). Buying liquidity is now beginning to flow in, lifting the price from the bottom and forming a bullish bounce to reset the indicator.
๐ Trading plan and trade:
โข ๐ฅ Entry zone (immediate buy): between $2.1100 and $2.1300.
โข ๐ฏ First target (quick): $2.2500.
โข ๐ฏ Second target (main): $2.3100 (near the moving averages, MA).
โข ๐ฏ Third target (open-ended): $2.3900.
๐ Stop-loss order โ strict and mandatory: Close of an hourly candle below $2.0300. (A break below this level invalidates the idea completely and signals a continued decline, so stick to the stop to protect your capital).
๐ Coin name: $BTW
๐ Timeframe: 1 hour (1H)
After the coin's sharp corrective decline from its previous high, the Relative Strength Index (RSI) on the hourly timeframe reached an extreme historic low below 19.5 (severe oversold conditions). Buying liquidity is now beginning to flow in, lifting the price from the bottom and forming a bullish bounce to reset the indicator.
๐ Trading plan and trade:
โข ๐ฅ Entry zone (immediate buy): between $2.1100 and $2.1300.
โข ๐ฏ First target (quick): $2.2500.
โข ๐ฏ Second target (main): $2.3100 (near the moving averages, MA).
โข ๐ฏ Third target (open-ended): $2.3900.
๐ Stop-loss order โ strict and mandatory: Close of an hourly candle below $2.0300. (A break below this level invalidates the idea completely and signals a continued decline, so stick to the stop to protect your capital).