Mayvune
Long

BTCCNY - POC Entry

HUOBI:BTCCNY   Bitcoin / Chinese Yuan
Bouncing of the POC             (Point of Control of the Volume Profile ) - while leaving just wicks below it.
Also we are having a quite nice Inside Bar hopefully follow by a strong Entry Bar to give it some momentum.
(candle not finished yet - so the position sizing is not final -> update will follow)

TP1 at previous resistance of 4020 and the final TP area in the upper 4070 area - might wick up a little higher for a short squeeze.
Comment:
snapshot
- given this nice confirmed reversal (if this candle holds) it's good enough to take this long and take a little higher risk to the prior setup idea which was not a good close to be fully in position - so we are still waiting for stronger signals or a close like this to move in fully with our equity risk for this setup
Comment:
snapshot
- moving SL to previous Resistance at 4022cny |||| Overall this might be a breakout of this long ranging phase will update an idea on a larger Timeframe
Trade closed: stop reached: Looking for a BTFD situation here - so will post a new Idea for a larger Timeframe
you got it :) nice
Reply
Mayvune PRO veryevilone
tyvm :)
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