Long
KEEP just broke out of range, $2 Next?
KEEP has established a range between 0.60 and 0.80 and is trading mostly in this range since last month although we have had a quick pump to slightly above the $1 mark before diving right into the range low.
Now, KEEP is moving nicely, instead of quick pump and dump, it is slowly moving upwards with god strength. It has just closed a 4-hour candle above range high ($0.8). I expect keep to pump very very hard if it goes above $1 and reaches $2 which lies in 1.618 fib extension.
I am already in a long position from the range low and I plan to compound if I get a chance. My compounding plan is:
Entry: 0.80-076 ( i may or may not get this)
Target: 2
Stop loss: 4-hour candle close below 0.72
Risk: 1.5%
Happy Trading
Now, KEEP is moving nicely, instead of quick pump and dump, it is slowly moving upwards with god strength. It has just closed a 4-hour candle above range high ($0.8). I expect keep to pump very very hard if it goes above $1 and reaches $2 which lies in 1.618 fib extension.
I am already in a long position from the range low and I plan to compound if I get a chance. My compounding plan is:
Entry: 0.80-076 ( i may or may not get this)
Target: 2
Stop loss: 4-hour candle close below 0.72
Risk: 1.5%
Happy Trading
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