We just closed a doji candle on the daily. This indicates some indecision. A break above 11200 will be a bullish entry and 10600 will be a bearish entry. The stop would be the other end of the doji.
My guess is that we break bullish. Ethereum is making a similar pattern.
My guess is that we break bullish. Ethereum is making a similar pattern.
Comment:
And we're in at 11200. My target on this is 13,000 with the stop at 10600 making this a 1:3 trade.
Comment:
Most likely just a retest of the breakout, we'll see how this candle closes the day. If it closes below our entry, it will have made an evening star on the 4 hour chart and a failed close above the doji on the day and we can expect a move lower. I would try to exit at or slightly above our entry if this is the case.
Comment:
Trade closed: stop reached