I opened a long position on TLM, main precodintions: price was squeezing to the trendline, volume at lows is high, there was a false breakdown, BTC looks bullish and risk reward ratio is good. I think a lot of alts are in the same position and it is a great day to find good entries if BTC does not break down.
Trade closed: stop reached
BTC pulled back and as we all know, market moves with it. However risk/reward ratio was good and I am looking forward for new possible entries on alts. Trade safely!
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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.