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₿itcoin broke out of this triangle down but didn't hit the target yet. I'm not chasing, just waiting for pullback to the previous range (pink) & triangle lower edge area around 20150 as shown by the blue projection. Setting SELL LIMIT order. Will cancel it if price reaches the target first before filling the order.
ENTRY: previous local range & triangle lower edge @ 20150
STOPLOSS: local high @ 20350
TARGET: height of the triangle projected from midpoint of the local range (pink) @ 19560
REWARD RISK RATIO (RRR): ~3
INVALIDATION: when STOPLOSS level hit
Check my other stuff in related ideas.
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.