[Thread closed] Scalp long (200MA Bounce)
$COIN.US$
Perfect reaction from the market at the 200MA. Closed for a 7% profit.
//On the 1hr time frame, coinbase is about to hit the strongest 200MA support. RSI is below 20 in the oversold range. BOLL indicator also shows that its in the lowest band range. ROI wise, after being down 50% from ATH, coinbase is good for a short term scalp. Furthermore, a bounce at this point will confirm the 5th wave up for 1hr timeframe. Will look to bid the lower range of the $230-ish. But if it closes below the 200MA, i will look to cut my position. NFA.
Perfect reaction from the market at the 200MA. Closed for a 7% profit.
//On the 1hr time frame, coinbase is about to hit the strongest 200MA support. RSI is below 20 in the oversold range. BOLL indicator also shows that its in the lowest band range. ROI wise, after being down 50% from ATH, coinbase is good for a short term scalp. Furthermore, a bounce at this point will confirm the 5th wave up for 1hr timeframe. Will look to bid the lower range of the $230-ish. But if it closes below the 200MA, i will look to cut my position. NFA.
![[Thread closed] Scalp long (200MA Bounce)](https://ussnsimg.moomoo.com/moo-1625648257-102763281-iPhone-1-org.jpg/bigmoo)
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