We just closed a doji candle on the daily. This indicates some indecision. A break above 11200 will be a bullish entry and 10600 will be a bearish entry. The stop would be the other end of the doji.
My guess is that we break bullish. Ethereum is making a similar pattern.
My guess is that we break bullish. Ethereum is making a similar pattern.
Note
And we're in at 11200. My target on this is 13,000 with the stop at 10600 making this a 1:3 trade.Note
Most likely just a retest of the breakout, we'll see how this candle closes the day. If it closes below our entry, it will have made an evening star on the 4 hour chart and a failed close above the doji on the day and we can expect a move lower. I would try to exit at or slightly above our entry if this is the case.Note
Trade closed: stop reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.