Zcash: Bullish Trend and How to Join It
What do you think about such a long trade?
The price is moving upward in the bullish trend. SMAs support the upward movement, and reversals from them give signals for buying. MACD and DMI are bullish.
We should be ready to see a correction movement below SMA50 to a strong support zone. It is formed by SMA100, SMA200, and 50USd level. The price reversal at this zone will give an opportunity to join the uptrend.
Of course, this trading plan can fail if Bitcoin continues the downward movement and the support zone in this chart won't be able to stop sellers. That's why we have to use the stop orders below the support and don't invest all money in one market.
P.S. as I don't use like-bots and other solutions that show great "interest" to my posts, I will be grateful if you support my work by your LIKEs and comment. Of course, if you can do it. The feedback from REAL people is priceless!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
The price is moving upward in the bullish trend. SMAs support the upward movement, and reversals from them give signals for buying. MACD and DMI are bullish.
We should be ready to see a correction movement below SMA50 to a strong support zone. It is formed by SMA100, SMA200, and 50USd level. The price reversal at this zone will give an opportunity to join the uptrend.
Of course, this trading plan can fail if Bitcoin continues the downward movement and the support zone in this chart won't be able to stop sellers. That's why we have to use the stop orders below the support and don't invest all money in one market.
P.S. as I don't use like-bots and other solutions that show great "interest" to my posts, I will be grateful if you support my work by your LIKEs and comment. Of course, if you can do it. The feedback from REAL people is priceless!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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