guys, any entry at 0.1180 usdt?
congrats, your position is safe.. š¤©
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Ladonna Lovering
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$BLZ š½ ENTRY BUY & SL STRATEGY
here is a summary of entry buy position and stop loss (SL) that can be used:
Entry Buy Position:
1. Entry Level:
Since the current price is above MA(7), MA(25), and MA(99), indicating bullish momentum, an entry buy position should be considered when the price retraces to test MA(7) and bounces. If the price moves lower and approaches MA(7), and MA(7) acts as support, this could be a signal to enter a buy position.
Entry Area:
If the price is currently around 0.1200 and MA(7) is around 0.1180, a buy entry can be made if the price tests and bounces around this level.
2. Volume and MACD Confirmation:
Ensure that the volume remains high and the MACD is still showing a bullish signal (MACD line above the signal line). This confirms that the bullish trend may continue.
Stop Loss (SL):
1. Stop Loss Level:
To protect against significant risk if the trend reverses, the stop loss can be placed slightly below MA(7) or at a nearby support level such as 0.10172 (the support level mentioned). If the price drops below MA(7), it could indicate further correction.
Stop Loss Area:
SL can be placed around 0.10172 or just below MA(7) if the price moves lower. This will protect the position if a deeper correction occurs.
Take Profit (TP):
1. Upside Potential:
If the price remains above MA(7) and volume stays high, the first target could be around the resistance level of 0.1400. This could act as a barrier for the continuation of the uptrend.
2. Monitor RSI and KDJ Conditions:
Since RSI and KDJ show overbought conditions, be cautious of a short-term correction. Consider partially taking profit as the price approaches 0.1400, and wait for the potential pullback to open a new position afterward.
Summary:
Entry Buy: Around 0.1180 if the price tests MA(7) and bounces.
Stop Loss (SL): Place below MA(7) or around 0.1017 to reduce risk.
Take Profit (TP): Consider the 0.1400 resistance level as the first target, while watching for a possible correction if RSI and KDJ remain overbought.
By following this analysis, you can enter the market with profit potential while managing risk carefully.
Entry Buy Position:
1. Entry Level:
Since the current price is above MA(7), MA(25), and MA(99), indicating bullish momentum, an entry buy position should be considered when the price retraces to test MA(7) and bounces. If the price moves lower and approaches MA(7), and MA(7) acts as support, this could be a signal to enter a buy position.
Entry Area:
If the price is currently around 0.1200 and MA(7) is around 0.1180, a buy entry can be made if the price tests and bounces around this level.
2. Volume and MACD Confirmation:
Ensure that the volume remains high and the MACD is still showing a bullish signal (MACD line above the signal line). This confirms that the bullish trend may continue.
Stop Loss (SL):
1. Stop Loss Level:
To protect against significant risk if the trend reverses, the stop loss can be placed slightly below MA(7) or at a nearby support level such as 0.10172 (the support level mentioned). If the price drops below MA(7), it could indicate further correction.
Stop Loss Area:
SL can be placed around 0.10172 or just below MA(7) if the price moves lower. This will protect the position if a deeper correction occurs.
Take Profit (TP):
1. Upside Potential:
If the price remains above MA(7) and volume stays high, the first target could be around the resistance level of 0.1400. This could act as a barrier for the continuation of the uptrend.
2. Monitor RSI and KDJ Conditions:
Since RSI and KDJ show overbought conditions, be cautious of a short-term correction. Consider partially taking profit as the price approaches 0.1400, and wait for the potential pullback to open a new position afterward.
Summary:
Entry Buy: Around 0.1180 if the price tests MA(7) and bounces.
Stop Loss (SL): Place below MA(7) or around 0.1017 to reduce risk.
Take Profit (TP): Consider the 0.1400 resistance level as the first target, while watching for a possible correction if RSI and KDJ remain overbought.
By following this analysis, you can enter the market with profit potential while managing risk carefully.
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