! Not financial advice but someone sharing his trading diary! Make your own plans and you will do fine in the long run.
AAVE seems to have finished an abc correction and is getting ready to move up and start a new impulsive wave.
Pros:
- It bounced from a local 618 Fib + Monthly level.
- Market structure on the daily and weekly timeframe is changing.
- Oscillators have reset.
- Volume signature looks good.
Cons: Markets are under selling pressure.
Entry:
Aggressive: Laddering between 66-58
Safe: consolidation above weekly level: 69-67 (Watch Market structure on at least 4H TF change)
Targets: Paying attention to weekly / Monthly levels (chart) - I might leave a small part open and Compound in case a rally is confirmed.
Invalidation: a 4H or daily close below 50
Trading level by level and Risking 1% of the account
#aave #btc #technicalanalysis #chart # trading #idea
AAVE seems to have finished an abc correction and is getting ready to move up and start a new impulsive wave.
Pros:
- It bounced from a local 618 Fib + Monthly level.
- Market structure on the daily and weekly timeframe is changing.
- Oscillators have reset.
- Volume signature looks good.
Cons: Markets are under selling pressure.
Entry:
Aggressive: Laddering between 66-58
Safe: consolidation above weekly level: 69-67 (Watch Market structure on at least 4H TF change)
Targets: Paying attention to weekly / Monthly levels (chart) - I might leave a small part open and Compound in case a rally is confirmed.
Invalidation: a 4H or daily close below 50
Trading level by level and Risking 1% of the account
#aave #btc #technicalanalysis #chart # trading #idea