SOT Chartoff May Week 3
Updated
MDA is in a great setup to make a large move. After being in distribution for 2 months now MDA has found support and is now up trending to break through its downtrend that has kept it range bound. After breaking trend this will allow MDA to start attacking higher valleys. Im looking to sell around 15500 for my first target because there's more resistance due to it being both a 4hr valley and a daily hold level. Have a stop alert at 12324 which is the hourly leg but will also look to see if it loses its uptrend which is also a sign of failure.
Trade closed manually
Closed trade at 12000. MDA was looking great but dumped when BTC made another move up. Bad trade management on my part, should have paid more attention to BTC
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