NXT is approaching edge to edge territory. If we get a large momentum move or a close in the MA cloud, I will look for a long opportunity with a target to the FAMA green edge.
Note
4H View:Note
Price has entered E2E trading zone. Normally I would be opening positions on the good looking 4H momentum candle but due to BTC activity I'm going to wait for price to retrace closer to the Daily MAMA.Daily and 4H StochRSI are looking well positioned a high momentum move to the target area if this trade plays out.
Trade active
Opened up a few positions on a high momentum move to the upside after a retrace.Trade active
Price progressing up through daily cloud. It hit some turbulence with the tether news affecting bitcoin price, but it still appears to be on track from the 4H momentum candles. Trade closed: target reached
+40% Target hit. Closing out some positions and letting the rest run until trailing stop loss is hit.
Note
+60% stop loss hasn't been reached.My stop is using the 30m and will close positions with a close in the cloud.
Trade closed manually
+60% with stop loss. Manually closing stop loss for one main reason, daily bar does not have a bottom wick. This is very rare (90% statistically) and as a precaution I will be closing out positions to preserve capital.Trade closed manually
+60% from SL. Manually closing stop loss due to price action, Very rarely do I come across a daily bar that has no open wick. Closing positions to preserve capital.Note
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.
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.