BTCM Long on Kumo Breakout (1D)

NYSE:BTCM   BIT Mining Limited
Feeney Factor algo confirmation alongside a daily breakout of Kumo.

Enter trade on 9/1 after price closed above horizontal resistance of $9.38. Anticipating a kumo breakout which would quickly become support.
  • White vertical horizontal is measured from previous move. Then, matched vertically to measure a 1:1 move. Price target is just shy of that 1:1 measurement.

  • Stop Loss: $7.70
    SL is just shy of conversion line + .382 Fib. Will adjust as price moves through each resistance.
Trade closed manually: Closed 12.12

Target Hit.

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