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Ratsusdtlong

Bullish on $1000RATS (Binance Futures)1. We have the setup pyramided in a weekly orderblock 2. We have the market inside the daily orderblock 3. We have a market structure shift (MSS) in H4 4. We have a first delivery which delivers price first to an easy draw (roadblock first if any) 5. We have a second delivery which created a higher high - that how we want price to deliver 6. We have the sell program that has already ended therefore shorts are not in our radar at the moment 7. We have a higher timeframe draw as the daily mitigation block low and the H4 buyside liquidity
BINANCE:1000RATSUSDT.PLong
by Sherman_Trades
RatsUSDT time to up MACD Divergence and Bullish Triangle Formati Summary: In this trade proposal, we observe a divergence in the MACD (Moving Average Convergence Divergence), combined with the formation of a bullish triangle on the price chart. This combination suggests a potential buying opportunity in the analyzed asset. Technical Analysis: MACD Divergence: A bullish divergence has been identified in the MACD, where the lows of the indicator are not confirmed by the lows of the price. This discrepancy suggests a potentially strong bullish momentum in the asset. Bullish Triangle Formation: In addition to the MACD divergence, the price chart shows the formation of a bullish triangle. This technical pattern is characterized by a series of higher lows and lower highs, indicating consolidation before a likely bullish move. Interpretation: The MACD divergence suggests a shift in price dynamics in favor of buyers, while the formation of the bullish triangle signals a potential accumulation of bullish pressure. This combination of technical signals indicates a favorable scenario for a bullish trade. Trade Plan: Entry: It is recommended to enter long once the price breaks above the resistance line of the bullish triangle, thus confirming the technical pattern. Stop-Loss: The stop-loss can be placed below the most recent support level, providing an appropriate level of protection against adverse movements. Take-Profit Target: A profit target can be set based on the amplitude of the bullish triangle or using previous resistance levels as reference. Risk Management: Proper risk management is essential in any trade. It is recommended to use an appropriate position size and consider the risk-reward ratio before executing the trade. Disclaimer: Remember that trading involves risks and there is no guarantee that technical analysis will translate into predictable price movements. It is crucial to conduct thorough due diligence and be prepared to adjust the trade as market conditions evolve.
Long
by ispatialresources
1