$MARSCOIN: WAIT - price sits below 0.0431 resistance, wait for the tap.
What happened: MARSCOIN touched 0.0375 support three times and 0.0431 resistance twice, then got pushed back from the top. It holds near 0.0413 while Bitcoin stays weak near 69k.
Entry: 0.0431, only after price taps 0.0431+ and an hourly candle closes back under 0.0431.
Stop loss: 0.0438, about 1.6 pct above entry.
Target 1: 0.0403, gives 3.2 times the risk.
Target 2: 0.0375, gives 6.6 times the risk.
Skip longs into 0.0425 to 0.0431, that top is overhead resistance.
What cancels the idea: two hourly candle closes above 0.0438 end it.
#write2earn #trade #tradesetup
Reply with your coin you want analysis on.
What happened: MARSCOIN touched 0.0375 support three times and 0.0431 resistance twice, then got pushed back from the top. It holds near 0.0413 while Bitcoin stays weak near 69k.
Entry: 0.0431, only after price taps 0.0431+ and an hourly candle closes back under 0.0431.
Stop loss: 0.0438, about 1.6 pct above entry.
Target 1: 0.0403, gives 3.2 times the risk.
Target 2: 0.0375, gives 6.6 times the risk.
Skip longs into 0.0425 to 0.0431, that top is overhead resistance.
What cancels the idea: two hourly candle closes above 0.0438 end it.
#write2earn #trade #tradesetup
Reply with your coin you want analysis on.
