PowerLedger (POWR/BTC) - C&H 70% trade idea

Powr seems to be forming a "handle" as it touches the trendline. This could be a good trade R-to-R wise.

Entry: 5500-5900 *BUT ONLY ENTER IF THERE IS A GREEN CANDLE ON THE DAILY CHART AROUND THIS AREA*
SL: < 5260
TP1: 6990
TP2: 8200
TP3: 9500

Thumbs up if you agree!

Not intended as trading advice. This is my own trading journal. I use a stop loss when I have to, and I take profits when my targets are hit.

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This is a good entry point. I will use 5200 as my stop loss. If the stop loss is triggered due to a bitcoin drop, then I might re-entry once I crosses that point to the upside.

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Stopped out at 5200. Might look to re-enter in the future. Bitcoin is causing all alts to drop right now. Best to stay out if you can.