Crypto Family, RkY Sri Lanka shares a winning strategy that yielded 550% profits in just 10 minutes on $REEF, despite market panic.
Key Indicators and Strategies:
1. Fair Value Gap (FVG): Showed space for price recovery, setting up a perfect long position entry.
2. Daily Support: $REEF sat on a strong daily support level, where prices tend to bounce.
3. Historical Bounces: Previous patterns indicated a reliable support zone.
4. Volume Indicator: Gradually increasing volume signaled building momentum for an upward move.
5. Stochastic RSI Oversold: 18-hour oversold period indicated exhausted selling pressure.
6. 3-Minute Chart 21 & 7 MA Bullish Crossover: Confirmed bullish momentum.
Trade Setup:
1. Identified daily support level ($REEF).
2. Recognized historical bounces.
3. Monitored volume increase.
4. Confirmed Stochastic RSI oversold condition.
5. Entered long position on bullish crossover.
Trade Results:
550% profit in 10 minutes.
Lessons Learned:
1. Fear can be an opportunity.
2. Identify strong support levels.
3. Monitor volume and stochastic RSI.
4. Timing is crucial.
Stay Informed:
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Disclaimer:
Trading carries risks. Conduct thorough research.
