Potential Triangle Breakout - Long LTCBTC
Updated
The same idea. Check others.
I do trade all of the pairs I have posted. It is a TOP 10, there should not be a problem with liquidity. I will update later.
Entry: Put a Stop Buy on the high created on 18th of July (.009946|+P)
SL: HL (.00889|-P)
TP: *
Setup invalidation:
*I do prefer trailing SL. It can be done in many different ways, in this setup, I simply follow the rules of a trend following, therefore my SL is always at higher low and I close a position whenever there is a new lower high created.
SystemFollower
You can read more about me as well as about abbreviations/acronyms (*) used in this description at the link below.
I do trade all of the pairs I have posted. It is a TOP 10, there should not be a problem with liquidity. I will update later.
Entry: Put a Stop Buy on the high created on 18th of July (.009946|+P)
SL: HL (.00889|-P)
TP: *
Setup invalidation:
- LL will be created
*I do prefer trailing SL. It can be done in many different ways, in this setup, I simply follow the rules of a trend following, therefore my SL is always at higher low and I close a position whenever there is a new lower high created.
SystemFollower
You can read more about me as well as about abbreviations/acronyms (*) used in this description at the link below.
Note
Today's candle should confirm a new lower high. The size of your position should increase with lowering risk.Entry: 0.009817
SL: 0.00889
Trade active
Stop Buy order hit (bought at the highest point in the day). I am in the trade. Trade closed: stop reached
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