denystroyak
@t_denystroyak
What symbols does the trader recommend buying?
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denystroyak
Reset RSIs on 4h, 6h and 12h Testing a broken 4h resistance level Bullish pincushion candle SL slightly below the wick of the candle TP 3R
denystroyak
A significant bullish candlestick has closed above the previously established resistance level, now acting as support, at 9.775. This development suggests a clear path upward with no apparent resistance until the 16.875 mark, potentially yielding a 43% gain. Should the trend reverse and the price falls below 9.775, I plan to exit the position to limit losses. This setup represents a reasonable risk-reward ratio of 2.6. Additionally, the Stochastic RSI indicates a reset and has reached a low point, which typically signals a strong likelihood of continued upward momentum. This outlook is further supported by a broader sentiment analysis of the cryptocurrency market, which is currently experiencing a bull run led by Bitcoin (BTC) and Ethereum (ETH), with anticipated capital rotation into altcoins soon.
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Any content and materials included in Sahmeto's website and official communication channels are a compilation of personal opinions and analyses and are not binding. They do not constitute any recommendation for buying, selling, entering or exiting the stock market and cryptocurrency market. Also, all news and analyses included in the website and channels are merely republished information from official and unofficial domestic and foreign sources, and it is obvious that users of the said content are responsible for following up and ensuring the authenticity and accuracy of the materials. Therefore, while disclaiming responsibility, it is declared that the responsibility for any decision-making, action, and potential profit and loss in the capital market and cryptocurrency market lies with the trader.