Get started
Wanchain / Bitcoin
Long

Ready for a Short-term trade.

By drjimbeam
Updated
DYOR. Target- 3677 sats. Secure profits along the way.
Order cancelled
1H candle close indicating trend reversal. Do not enter trade yet. I will update if and when I open a long position. Currently in my TFUEL trade.
Comment
snapshot

I am not in the trade but here's an updated setup.
Comment
After breaking out of the channel, price action is forming a W with target at 3550 sats. WAN tends to reject big evens so I suggest you start taking profits few pips before 3500 Sats which aligns with previous resistance.

snapshot
Trade closed: stop reached
Glad I didn't take this trade. High suspicion WAN is being run by an algorithm. High-risk coin. Day trade setups are failing on this one. Best to dump a small % and forget about it till it moons.
Chart Patternswanbtclongwanchain
drjimbeam

Related publications

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.