SOT March Chart off week 3 Steem/BTC

Updated

This is my March week 3 chart I think Steem may take another run up if it can ride the hourly uptrend to break out of the 4 hr wedge. I have described on the charts and in the description my entry, targets and stop loss.

Entry - 1172
1st Target - 1212
2nd Target - 1319
3rd Target - 1410
Stop Loss - 1100

**Legend**
Monthly - Grey
Weekly - Yellow
Daily - Red
4 Hour - Green
1 Hour - Light Blue

Note

Broke down under the 1hr uptrend. Watching closely to see if it tests the bottom of the wedge.

Note

Broke out of the bottom of the wedge. Will watch to see if it bounces of the next daily before stopping out.

Note

First level touched 1212

Note

Broke out over the top of the 4hr down trend (if you continue the wedge down).
Going to keep a close eye on the move as it gets close to the first target.

Note

Should have sold when first target was hit.
Price dropped soon after when bitcoin dropped price.

Trade closed manually

Sell price - 1172
Profit - 0%
Came out of the trade neutral.
Move needed more time.

OisnGribben

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