Updated

First Idea / Chart - Just an idea - TNTBTC 4HR Binance

Just testing the tradingview charting tools at this stage. An initial idea only.
DYOR please.

Note

I should mention that if it breaks down instead of up, we do not enter trade. If you do enter, use a tight stop loss always. Potential is 30% + profit, so a SL can be set about 10% lower than entry, giving a 3:1 R to R. Happy hunting

Trade active

Breakout seems to be respecting trend line. Trade now active. SL set at 5% below entry. You can set to 10% if feeling confident. I prefer it a bit tighter.

Note

Trade still active. Moving sideways and respecting the support around 980 sats. My personal SL is set to 940 sats. If we drop below 930-940 sats, then next major support as I see it is around 750 sats. Trade with care. Use SL protection in this market.

Note

1st Target - 1190
2nd Target - 1385
After each target, retracement may occur, so if you are setting an auto take-profit, set just below these targets. Once target is reached, if you choose to remain in the trade, use tight SL for safety. Profit is profit.

Note

Trade still active. Moving in the right direction now. Testing some medium resistance around 1035. Hopefully will push through in next few candles. Up approx 3% since entry position so far.

Note

Price bounced off 1035 as expected. Trade still active. No further action to be taken at this point.

Note

Approx 9 hrs ago, price bounced off our overall support level at 980 sats showing strong support at this level. The bounce itself was about 12% if you happened to catch it! Price reached 1140 sats, just below our first target. Remember if you are setting take profit markers, set them a bit below targets in order to capture profit. Otherwise continue to hold and possibly move SL up to a new level of approx 1060.

Note

I expect this current resistance to be weak, but you never really know. Hopefully we will see 1190 next and even higher.

Note

If you had a 10% below entry SL, you are still in the game. If you had 5%, you may have been sold out on the last dip.

Trade closed: target reached

CONGRATS to all involved in this trade. My sell order was executed at 1380 sats for a 30% profit. For those that hung on and rode the wave, the price spiked to 2296! A MASSIVE 120% Profit.

Note

Thanks to my followers.

Enjoy your profits and happy hunting.

glennleese

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glennleese

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