1) The past few weeks have seen sideways movement or a slow bleed down.
2) Price went into a range and compressed like a spring. Which way would it pop?
3) The range expanded UP! The trend is up and we can bet on upward movement.
Visa apparently will use crypto as the backend for some transactions. The whole crypto market jumped up on the news.
Entry: immediate
Stop: $1,800 trailing stop, OR exit when the trend goes down (preferred)
Stats are from 1/1/2020 using ~2% risk.
2) Price went into a range and compressed like a spring. Which way would it pop?
3) The range expanded UP! The trend is up and we can bet on upward movement.
Visa apparently will use crypto as the backend for some transactions. The whole crypto market jumped up on the news.
Entry: immediate
Stop: $1,800 trailing stop, OR exit when the trend goes down (preferred)
Stats are from 1/1/2020 using ~2% risk.
Trade closed: stop reached:
Closed for small loss.