#DF / usdt A very rare and good opportunity has been spotted on the
#DF As bullish
#engulfing pattern has been detected on 4H chart with huge volume as confirmation. Price keeps on declining continuously but suddenly bulls entered and defended the further fall.
Note.. As this trade is spotted in downtrend, so to be safe side we have tried to limit the risk factor by setting very tight stoploss and huge reward margins.
Its the setup worth looking.
Look at the setup and give your opinion. Based on my knowledge I am making my analysis on this and planning to go long with an opportunity to grab atleast 27% profits.
RSI.. 36
MACD.. Bullish at the bottom
Volume.. Heavyily rise which gives confirmation.
DETAILED PLAN...
ENTRY... 0.02845- 0.02855
TP1 ..0.033
TP2.. 0.037
SL... 0.0285 Just below the low of bullish engulfing candle to lower the risk
Account Management
Only allocate 8% of your account on this setup because it could take a while. As we stronglh believe in account management is the most important part of investing.
NOTE
This is spot only setup and always read the analysis very carefully before blindly entering into the trade.
Do tell your opinion on this setup. Do you agree with me or not.
#DF #Followus #Signals #Hunters