China banned Bitcoin for the 1,234th time in the past five years, sending the market below 30K. Thankfully, dog coin holders got crushed in karmic justice for buying scams. As shown above, the system avoided a 25% drop in the market but is now showing range expansion to the upside. It's still the summer months, so the market will probably crab sideways for a few more weeks. However, this seems like a low risk entry after an exhaustion move puked out retail traders.
Entry: immediate
Target: open
Stop: 2800 trailing OR when the trend changes
Stats are from 1/1/2020 to current using ~2% risk.
Entry: immediate
Target: open
Stop: 2800 trailing OR when the trend changes
Stats are from 1/1/2020 to current using ~2% risk.
Trade closed: stop reached:
And that'll do it. Sideways summer trading strikes again.