ZRX Conservative Bullish Trade

١٩ أغسطس ٢٠١٩

Just spotted a Bullish Butterfly on ZRX.
There is also divergence in the MACD.

Advantages of this trade:

A handsome Risk Reward,
The Butterfly is almost to good to be true. It has very precise ratios.
Extremely conservative trade.
The retracement to 23.6% retracement is very likely.
There is a nice W in the 1hr chart that is giving a solid base for a nice PRZ. (Potential Reversal Zone)

Disadvantages:

Is not alt season.
Is crypto.
Dump can happen anytime.


Target :0.2117 (23.6% retracement level). If you want to be bit more agressive you can go for the 38.2% and even the 50% and 61.8% retracements. Perhaps you can do this by trailing your stop. Personally i rather go conservative.
Stop Loss: 0.1576 (very tight)

If you like the analysis, a like will be greatly appreciated.

One day we will feast together.

Cheers.

٢٤ مايو ٢٠٢١

ملاحظة

Stop too tight.