CARDANO BREAKOUT = 7R Return. Entry = 0.1708. Target Price 0.25

Trade is BUY at 0.1708 just now. SL set at 0.1601. TP = 0.25. This is a 7R trade.

Breaking out of a large consolidation pattern bull flag and retesting breakout just now as we bounced off support at 0.17. MACD shows BULLISH Divergence and recent breakout of down trend on MACD shows optimal BUY opportunity PRIOR to breakout but the break out and retest based off price action confirms this trade as being HIGH Probability.

Сделка активна:

Already in Profit moments after Trade Initiated. This breakout will likely retrace to the support line and bounce off in the 8 hr time frame.

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Retracing a bit today. Looking for opportunity to ADD to this trade and push a winner while also minimizing risk.

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Retraced to horizontal support and a breakout above bull flag 0.1863 would good but I think I will wait on adding to position given nearby overhead resistance. Will leave everything as is and wait on more info. Sometimes doing nothing is the best course of action.

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Still in trade and WELL into Profit. Plan to hold until the trend changes or SELL signal given on a Weekly time frame. Will update periodically.

Сделка закрыта: достигнута тейк-профит цена:

Taking Profit. Trade looks overextended today and plan to reenter at lower price. Position Closed with HUGE profit at $1.00. This was an 83R return on the trade.