Entertainment Purpose only, not trading advice, DYOR
*Enter at confirmation of double bottom at daily close above wick at $40.40. *Stop Loss at 2 ticks below tail of double bottom, $38.15. *Sell 1/2,my position at $45.46, move remaining to scratch. -If internals remain strongly bullish, employ 3 lows-highs stop management tool to keep feeding the market and taking profit.
Another tidbit. There are many significant fundamental factors looming, Covid, elections in the US, and other geo-political events around the world. A big enough fundamental event could throw the TA out the window.
I was stopped out on both this trade and my Cisco trade; both assets turned and hit profit objective. Will work more on stop-loss understanding, placement, and management.
I can learn so much from this trade even though I didn't stay in it-I exited after stimulus talks failed. I would have gotten stopped out anyway. But my overall impression of bullishness trend over the long haul was correct. Keep watching this learn more about support checks and stop placement.
Cryptough
⋅
Manual Close of this trade before fill. Market sentiment turned out of favor.
Cryptough
⋅
Wasn't able to get a fill on any retrace so currently not in trade. May look to get in depending on internals and market mood.