NEOUSD - Will it break the 1.618 Fib channel?
Updated
After placing down this channel, I scrolled out to see and NEOUSD has never broken the 1.618 fib in this channel. That's bad.
Nearly double topped on the RSI but 70 was not hit, but stable above the 0.618 retracement. Uptick on the RSI as of writing.
I am currently in a long, hoping that it'll pop up above $120. As of writing, it looks like BTC is going to make a bear trap and holding out seems like the best option.
No stop loss, waiting for the possible bear trap to pass to and I'll freeball the order close. I may keep some if BTC goes sideways and wait for a better sell order.
Edit: OK. That was fast. Candle close in 25min for the real test.
Nearly double topped on the RSI but 70 was not hit, but stable above the 0.618 retracement. Uptick on the RSI as of writing.
I am currently in a long, hoping that it'll pop up above $120. As of writing, it looks like BTC is going to make a bear trap and holding out seems like the best option.
No stop loss, waiting for the possible bear trap to pass to and I'll freeball the order close. I may keep some if BTC goes sideways and wait for a better sell order.
Edit: OK. That was fast. Candle close in 25min for the real test.
Trade closed manually
Profit is still profit, no matter how small!Prematurely closed due to a shooting star almost forming.
Trade active
Possible for NEOUSD to still have a good go at it if 4hr is any indication.Entry set at 118.7 for a flash dump pickup. Stop loss at 118.4.
My published indicators: tradingview.com/u/NeoButane/
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.