1. Valid break-out pattern with a clear consolidation zone 2. Smaller break out pattern triggered 3. High return on investment (56%) with massive 14:1 risk/reward 4. Buy low / sell high
WAIT for a retracement back into consolidation zone to offer high risk/reward ratio. Should this zone fail, price can still re-test the lower consolidation zone and move towards the projected targets.
Enjoy.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Comment
Initial profit target hit. Wait for re-test of consolidation zone to see how price reacts before entering long again.
Comment
Ensure stops are in place while BTC contracts
Trade closed: stop reached
Small profit only, onto the next! If price gets down to the lower consolidation zone i will be favoring a buy position again
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.