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eganon69
Dec 27, 2020 1:06 AM

DOT LONG Entry $5.23, SL $4.41, TP = 9.20 Long

DOT / DollarBitfinex

Description

Similar Chart as UNISWAP. Long entry with triangle and rising TL support. ALL time frmaes from weekly, daily, and 8 hr ALL show MACD BULLISH Divergence and a bounce off support.

Trade active

Well into profit. 20%+ in a couple days. SL moved to breakeven.

Comment

Over 50% of the way to Target Price. SL moved up to $5.70. Trade working out Exactly as planned.

Plan the Trade,....Trade the Plan.

Trade active

Price at $7.40 and forming what looks like a BULL Flag. Will be patient and see what happens. May look for opportunity to ADD to Position.

Comment

Price breaking out now. But with recent Parabolic move I have decided not to chase. just to ADD to this position. I Will keep trade at the current allotment until next opportunity but I think this breakout is too risky.

Trade active

Price broke out of small BULL FLAG. Now almost at TP of $9.20. Holding all position and will wait to see what charts say before taking any position off. For now raising SL to $6.083

Trade active

Price almost at TP. Such a strong chart with parabolic move. Will wait to see what price does as we approach TP of $9.20. Will plan to NOT TAKE PROFIT at $9.20 for now and watch chart closely as we get closer. If I can squeeze out more Profit I will do so, but I also run the risk of losing out on profit so will reevaluate and raise SL soon. For now leaving SL at current level.

Trade active

TP just hit and had little resistance before breaking through. Will see if it holds.

Trade closed: target reached

TP Reached at $9.20 but I also set SL = $ 7.95 hit just now to close position. Will look for new opportunity. still rather successful trade of 3.3R
Comments
eganon69
Almost at TP of $9.20. Will wait on taking profit until more clarity of the charts. Happy New Year to ALL.
eganon69
SL Raised to $7.95
eganon69
TP hit. Now we try to see how much more profit we can squeeze out of the trade. Chart is way too strong to just take a profit and move on. Looking at other charts few look as good as this one so will stay in the trade as long as possible.
eganon69
Nailed the entry on this trade. VERY profitable so far. Finding opportunity where little exist as most all of Crypto has been taking a breather except ADA and DOT both of which I posted trades on this forum. SL being moved higher here but plan to stay in this trade a while.
eganon69
Possibly looking to ADD to position if the opportunity presents itself.
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