Help a new trader! Solana Cup & HandleI misjudged this bullish flag breakout on SOLUSD and took a big hit.. Made quite a few errors on this trade, so wanted to ask when is a good time to enter and exit a bullish flag formation as part of cup & handle?
There was a fake-out within the bullish flag so I thought it likely to break out. However as you can you see we dipped past my stop loss.
Appreciate any tips on how to trade this formation, in particular how to handle fake-outs and formation breakouts more gracefully.
Thanks!
Marketciper
DOGE to 786 and back test of Wyckoff's Phase C complete?My first publication, 1.5 year exp. (7000+ hours of staring at charts) trading, interested in your thoughts.... =)
- Broke Neck line of head and shoulders
- Back test of Phase C complete
- Broke the 200 EMA to the upside
- MACD cross to the upside
- RSI above the 50
- Market Cipher says Go Long!
To The Moon? :D