I have decided to make a few higher time frame trades. In this case SUSHI regained its trend and so I am longing to 20. I have a SL in place, and you can see entrance on the chart. Should be a great win but we'll see how it goes.
Trying 3 higher time frame trades, Iota hit a resistance line and is heading back up to the regain its trend line, As such I have bought in at a previous high, and my TP is at a 1.272 fib. SL is 0.83, doubt it'll get down there. But need to put an SL somewhere. Interesting to note there have been no real Order Blocks in IOTA since it has been moving incredibly...
Now that BTC has hit 50k and settled down a bit, and avoided another drop. I've entered a SUSHI trade again. As per the chart I have entered 2 TP's, with the first to close 50% of my entry, with the remaining 50% at TP2. At TP1 I 'll move stop loss up to break even. The reason for the entry is that SUSHI recovered its trendline.
Shared this yesterday and it went really well, though closed it off before bed just prior to it dumping slightly. Originally entered at 16.4636. However I've now re-entered on what I think is either a bullish pennant or a symmetrical triangle. Going to TP 1 at 18.3 where it stalled yesterday, and then TP2 with the other 50% at 20. I'll move my SL to break even at TP1.
As you can see on the chart I entered at the retest of the ascending trendline, I believe this to be a triangle breakout forming, it'll probably pull back to the ascending line one last time before breaking. I have set a stop loss below this, in case it goes the other way. I have also set 3 take profit points. TP1 I will remove 25% of the trade and move stop loss...
Entered DOT here after it regained its trendline. My target is 32. Though I will consider 50% taking profit half way up if it starts to weaken. My SL is below the order block, if it gets back down there it'll be a bit of a disaster so the SL is to cut losses. When it is half way to TP as usually I will move this up to where I entered.
Pretty sure we're seeing a Wyckoff pattern and just had the spring. I am long here since it regained its trend line, and my SL is just below the lower Order Block. I expect this will go up quite a bit, though I don't know how much or to where. So I have just set a TP to 20, and may move it, or TP early if necessary.
Heading up after wrecking everyone overnight
Looks like we could be heading to 49k very soon. Waiting to see what this bullflag does. Bought a small position which I'll increase on a breakout
Giving this trade a try, hoping to TP at 46000 due to a big drop to a supporting order block
I previously shorted on a head and shoulders, and didn't take profit half way, it found an impulse and went back up, coming just short of the right shoulder. However it has now failed to overcome a 1 Hour order block, it has also failed to defeat the daily open level. This, plus weakening sentiment, leads me to believe it's still heading for a drop. I'm trading it...
This will probably eventually go beyond $25, but I am a shorter term trader. So I am riding this breakout of the bump and run to $22.4, green line is the TP, red line is the SL just below the golden fib
Badger is looking to break out of this falling wedge. I have entered the trade, with a TP for 50% at 71, and a TP in the order block a bit higher. Stop loss is under the wedge
Even Ol' Muskey can't save this one. Doge looks like it'll dump on the completion of this H&S