Hey traders! 👋 Let's dive into a potential trading opportunity on the USTECH pair using technical analysis. 📊
📉 Previously Bullish Trend: Firstly, on the 1H- timeframe, we've been witnessing a Bullish trend in the USTECH pair. 🐻
🔄 Divergence on HH’S : However, it's crucial to note that recently, we have started to observe a divergence pattern on the HH’s. This is an important signal that the Bullish momentum might be weakening. 📉🔄
📊 Trade Opportunity: Currently, we are looking at a potential trade opportunity with a Bearish bias.
📈 Entry Price: 14850.4
🎯 Stop Loss Level: 14949.3
🚀TP1: 14756.8 🚀TP2: 14662.9
💰 Investment Advice: Please remember that trading carries risks, and it's essential to have a well-defined trading plan, proper risk management, and stop-loss orders in place. This analysis is for educational and informational purposes only and should not be considered as financial advice. Make sure to do your research and consider your risk tolerance before entering any trade.
Happy trading, and may the pips be in your favour! 🚀📈💰 #HappyTrading #ProfitOpportunity #TradeSmart #CryptoSignal #StockSignal #TradingwithBelieve
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As Nasdaq not give respect to 1-H time frame divergence and move upward our trade plan now cancelled