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MUE-BTC on 1D - Review how price moves. Mixed signals
Updated
Review to see how trade plays out:
Bullish:
- Kumo Edge to Edge
- Previous TK crossover however not as strong as it was below the cloud.
- Kumo cloud is flat...price tends to be attracted to this.
Bearish
- Future kumo cloud is bullish
- Potential double top formation
- Similar pattern back in July when it did drop down before further gains
- Low volume
Buy: 0.00002443
Target: 0.00003160 (Sell 75% and leave rest for Long)
SL: 0.00001986 (below the previous support at psychological 2000 level)
RRR: 2.0
Bullish:
- Kumo Edge to Edge
- Previous TK crossover however not as strong as it was below the cloud.
- Kumo cloud is flat...price tends to be attracted to this.
Bearish
- Future kumo cloud is bullish
- Potential double top formation
- Similar pattern back in July when it did drop down before further gains
- Low volume
Buy: 0.00002443
Target: 0.00003160 (Sell 75% and leave rest for Long)
SL: 0.00001986 (below the previous support at psychological 2000 level)
RRR: 2.0
Note
I have been on vacation in Cuba for 3 weeks (AKA no internet!). Seems that we were right to hold back and monitor this pair. I will be looking to open positions between 1200 and 1500 as I believe this is a good mid/long term hold and it seems to have found its bottom. News or more volume needed to spur on a pump.Trade active
Placed new order at green level (0.00001311) on hope that MUE breaks down again to this key support level.
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