Educational Analysis of a Potential Trade on Currency $ID/USDT – Smart Trading Scenario
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In this post, I review a potential trading scenario on ID/USDT based on simple technical analysis:
Suggested entry area: 0.22
First target: 0.24
Potential profit ratio: +2.5%
Suggested stop-loss: 0.21
Why this scenario?
Repeated bounce from the support area 0.2
Moving averages crossover on the small timeframe (5 minutes)
Presence of a strong reversal candle with high trading volume
Advice for traders:
Do not rely solely on quick signals, make sure there is technical confirmation before entering. Risk management is more important than making a profit!
Do you agree with this analysis? Share your opinion or your alternative scenario.