ADX Trend reversal
Updated
ADX found strong support at the $1 (21k sats) line, and had strong volume come in that lead to a breakout of the 2 week downtrend. The breakout however was brought to a an abrupt stop at the previous support line we broke yesterday. If we fail to break resistance at 24600 sats a second it will lead to a double top and we may test 1$ support again. Buy signals- It's recommended wait for a bounce off the old downtrend line OR for conformation above the the 24700 sat resistance line before opening any long trade.
My buy in {22500 Sats} $1.04
Price target { 31000 Sats} $1.40*
Stop-Loss at {20600 Sats} $.90
Swing Trade 3-5 days
-Constructive criticism/comments welcome! Help me become a better trader
My buy in {22500 Sats} $1.04
Price target { 31000 Sats} $1.40*
Stop-Loss at {20600 Sats} $.90
Swing Trade 3-5 days
-Constructive criticism/comments welcome! Help me become a better trader
Trade closed: stop reached
You win some you lose some... looking to enter when the market stabilizes
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