#PRA
#SANTOS/USDT analysis-
The price formed descending symmetrical triangle pattern and if it gives breakdown then it will go down further.
T.F.- 5-minute
ENTRY- as soon as it gives breakdown i.e. around 8.930-8.935
SL- above previous swing high i.e. around 9.165 or as per the risk management
TARGET- 8.45
Note- If stop loss hits before the entry then ignore the trade as per the price action will formed differently.
@RG_Analitics
ΠΠΎΠ΄ΠΏΠΈΡΠ°ΡΡΡΡ....
#SANTOS/USDT analysis-
The price formed descending symmetrical triangle pattern and if it gives breakdown then it will go down further.
T.F.- 5-minute
ENTRY- as soon as it gives breakdown i.e. around 8.930-8.935
SL- above previous swing high i.e. around 9.165 or as per the risk management
TARGET- 8.45
Note- If stop loss hits before the entry then ignore the trade as per the price action will formed differently.
@RG_Analitics
ΠΠΎΠ΄ΠΏΠΈΡΠ°ΡΡΡΡ....
#PRA
#SANTOS/USDT analysis-
On daily timeframe, after the massive rise with more than 115% increase in price, the price gave correction and goes into consolidation.
After the consolidation between previous swing high and low, the price formed ascending triangle pattern. The price gave breakout and increased more than 110% from the breakout level till the new high.
As per the price action analysis, entry would have been taken at breakout or retest and stop loss will be below the triangle pattern when it gave breakout.
Note: This is just an educational post.
@RG_Analitics
ΠΠΎΠ΄ΠΏΠΈΡΠ°ΡΡΡΡ....
#SANTOS/USDT analysis-
On daily timeframe, after the massive rise with more than 115% increase in price, the price gave correction and goes into consolidation.
After the consolidation between previous swing high and low, the price formed ascending triangle pattern. The price gave breakout and increased more than 110% from the breakout level till the new high.
As per the price action analysis, entry would have been taken at breakout or retest and stop loss will be below the triangle pattern when it gave breakout.
Note: This is just an educational post.
@RG_Analitics
ΠΠΎΠ΄ΠΏΠΈΡΠ°ΡΡΡΡ....
#PRA
#SANTOS/USDT analysis -
#SANTOS is in an uptrend, making new highs. The price is currently consolidating over a support zone near the 200 EMA. We can expect the price to bounce back from there and test the previous swing high. Enter on the breakout of the $7.736 level.
TF : 4H
Entry : $7.736
Target : $8.883
SL : $7.050
@RG_Analitics
ΠΠΎΠ΄ΠΏΠΈΡΠ°ΡΡΡΡ....
#SANTOS/USDT analysis -
#SANTOS is in an uptrend, making new highs. The price is currently consolidating over a support zone near the 200 EMA. We can expect the price to bounce back from there and test the previous swing high. Enter on the breakout of the $7.736 level.
TF : 4H
Entry : $7.736
Target : $8.883
SL : $7.050
@RG_Analitics
ΠΠΎΠ΄ΠΏΠΈΡΠ°ΡΡΡΡ....