BCH Continuation of Uptrend
Updated
Things to note
-> Forming a bull flag on the daily timeframe which is a uptrend continuation pattern.
-> Has retraced more than 50% already. I would like to see it retrace to 61.8% before continuing with the uptrend.
-> Forming a falling wedge on smaller timeframes.
-> Has tested HTL on daily timeframe once
-> Decent volume
-> RRR is pretty good considering the next target is a bit far
How am I trading this?
Keeping Low Leverage as this is a long term trade for me.
I'm spacing out my entries with last one being at 350 followed by a tight SL of course.
What are my indicators saying?
FOMO 4hr and Daily are sell signals which indicates that we could be heading down temporarily.
To play it safer by risking not having a LONG position if it runs here, you could enter around 390 or lower
Targets
465
530
590
648
-> Forming a bull flag on the daily timeframe which is a uptrend continuation pattern.
-> Has retraced more than 50% already. I would like to see it retrace to 61.8% before continuing with the uptrend.
-> Forming a falling wedge on smaller timeframes.
-> Has tested HTL on daily timeframe once
-> Decent volume
-> RRR is pretty good considering the next target is a bit far
How am I trading this?
Keeping Low Leverage as this is a long term trade for me.
I'm spacing out my entries with last one being at 350 followed by a tight SL of course.
What are my indicators saying?
FOMO 4hr and Daily are sell signals which indicates that we could be heading down temporarily.
To play it safer by risking not having a LONG position if it runs here, you could enter around 390 or lower
Targets
465
530
590
648
Trade active
Currently 28% up at 4x Leverage.Was 40% up at one point.
Another Good Trade.
Trade active
Made another sneaky pump today.Reached 52% profits at a moment.
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