A breakout will be confirmed when the daily candle close above the 5500 sat
This idea is not to be considered a financial advice. I am just learning and practicing!
This idea is not to be considered a financial advice. I am just learning and practicing!
Комментарий:
Broke-out :D
We are retesting
We are retesting
Комментарий:
Based on the 4 hour frame chart, the market is forming a triangle. The triangle formation most likely going to break up upward taking us to the previous high at 6300 sats. If the resistance is broken and we close above at least 6000 sats , it will take us to our first target. Reaching the target will result in a correction to the Fibonacci retracement shown in the chart below. You pick you rebuy position from that Fibonacci retracement as seems suitable for you and your risk management.
Good luck trading :)
Good luck trading :)
T1: 0.00007572
T2: 0.00009800
T3: 0.00015200
Selling at each target and rebuying at correction until the 3rd target.