Bitcoin
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BTC triangle breakout

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₿itcoin broke down this triangle📐 and I think there is chance for run to 22580 and even lower. Setting SELL LIMIT order to previous range low to catch🎣 the pullback.
  • ENTRY: local high @ 23100
  • STOPLOSS (SL): local low @ 23222
  • TARGET (TP): height of the triangle projected from midpoint of the local range (SELL LIMIT - STOPLOSS) @ 22580
  • REWARD RISK RATIO (RRR): 4.3
  • INVALIDATION: when SL level hit


Check my other stuff in related ideas.

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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Note
Part of the triangle lower edge is overlaped by the ₿ picture. Just hover on the trendline and it will be shown in its entirety.
snapshot
Trade active
Order filled ✔️
Trade closed: stop reached
Triangle upper edge broken with a vengeance. Stoploss hit 🛑
Note
Check new idea here:
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