Technical analysis by vagada about Symbol WAVES: Buy recommendation (2/18/2025)

Based on the daily chart for WAVESUSDT on Bybit, we've identified a bullish setup for a long entry:Indicators Used: MLR (Moving Regression Line) in blueSMA (Simple Moving Average) in pinkBB Center Line (Bollinger Bands Center Line) in orangePSAR (Parabolic SAR) in black dots200-period SMA in redEntry Conditions Met:The MLR is above the SMA, indicating a short-term bullish trend.The MLR is above the BB Center Line, further confirming bullish momentum.The PSAR dots are under the price, signaling a bullish trend.The price is above the 200-period SMA, supporting a long-term bullish trend.Entry Strategy: Enter a long position on WAVESUSDT given these bullish signals.Stop Loss (SL): Set the stop loss at the current level of the PSAR dots. This ensures that if the price reverses and hits the PSAR level, your position will be closed to minimize losses.Risk Management: Adjust your position size according to your risk tolerance.Monitor My Idea: Keep monitoring my idea for any changes in trend or for potential profit-taking opportunities.Thank you !TRADE STILL ACTIVEThe MLR has crossed the SMA. We have two options: either close the trade now or wait for the stop-loss (SL) of the PSAR to be triggered. It's your choice.