ZRX Conservative Bullish Trade
Just spotted a Bullish Butterfly on ZRX.
There is also divergence in the MACD.
Advantages of this trade:
A handsome Risk Reward,
The Butterfly is almost to good to be true. It has very precise ratios.
Extremely conservative trade.
The retracement to 23.6% retracement is very likely.
There is a nice W in the 1hr chart that is giving a solid base for a nice PRZ. (Potential Reversal Zone)
Disadvantages:
Is not alt season.
Is crypto.
Dump can happen anytime.
Target :0.2117 (23.6% retracement level). If you want to be bit more agressive you can go for the 38.2% and even the 50% and 61.8% retracements. Perhaps you can do this by trailing your stop. Personally i rather go conservative.
Stop Loss: 0.1576 (very tight)
If you like the analysis, a like will be greatly appreciated.
One day we will feast together.
Cheers.
There is also divergence in the MACD.
Advantages of this trade:
A handsome Risk Reward,
The Butterfly is almost to good to be true. It has very precise ratios.
Extremely conservative trade.
The retracement to 23.6% retracement is very likely.
There is a nice W in the 1hr chart that is giving a solid base for a nice PRZ. (Potential Reversal Zone)
Disadvantages:
Is not alt season.
Is crypto.
Dump can happen anytime.
Target :0.2117 (23.6% retracement level). If you want to be bit more agressive you can go for the 38.2% and even the 50% and 61.8% retracements. Perhaps you can do this by trailing your stop. Personally i rather go conservative.
Stop Loss: 0.1576 (very tight)
If you like the analysis, a like will be greatly appreciated.
One day we will feast together.
Cheers.
Note
Stop too tight.
“All fixed set patterns are incapable of adaptability or pliability. The truth is outside of all fixed patterns” BL
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
“All fixed set patterns are incapable of adaptability or pliability. The truth is outside of all fixed patterns” BL
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.