Long GODS - Target 17 Cents - 1:3 RRRTrading Fam,
As I continue to gain experience with my AI-created indicator, I am learning to remain patient and wait for the perfect setups. We have one here on GODS. You can see that we've returned to the bottom of a larger triangle and are using it as support. Additionally, we are within a favorable liquidity block where buyers tend to accelerate the volume. My indicator gave the BUY signal 2 weeks ago, and there has been plenty of sideways accumulation since the signal flashed. Probability suggest that GODS will pump soon.
I'll be targeting 17 cents with a SL at 10 for a 1:3 RRR.
Let's go!
Stew
GODSUSDT
Going Long on GODS. Two Targets.My followers have been tracking GODS the last several weeks and some of them have made out like a bandit with these recent pumps. Just a few weeks ago it was at 14 cents. My entry today was 38 cents which is approx. 170% above where we started on this one. And I love the volatility on this chart! Though I wasn't expecting such a tremendous break to the upside of that ascending channel, the market bulls have proven they have a ton of energy left for more. We can see another bull flag being formed right now.
I will probably trade this one like so:
- Take half at around 48 cents and move my stops up to break even.
- Let the remainder ride trailing my stops along the way.
- Final target will be 62 cents.
- Current SL is 31.6 cents to be adjusted as we go.
- Risk Reward Ratio is currently 4/1
Not fin advice.
Best,
Stewdamus