Compound seems to be ready to break up this triangle📐 and if successful I think there is chance for run to 720 and even higher.
Check also the previous COMP trade down below (also triangle breakout).
- ENTRY: triangle high @ 532
- SL: local low @ 474
- TARGET: height of the triangle projected from midpoint of the local range @ 720
- RRR: 3.3
- INVALIDATION: when SL level hit
Check also the previous COMP trade down below (also triangle breakout).
Order cancelled:
SL hit, setup invalidated, RRR would be not favourable anymore, so I'm cancelling the order and looking for new trade setup with better RRR.
