bizmark

DOT triangle breakout

Long
BINANCE:DOTUSDT   DOT / TetherUS
Pokadot seems to be ready to break up this triangle📐 and if successful I think there is chance for run to 10.25 and even higher. Just bought...
  • ENTRY: local high @ 8.10
  • STOPLOSS (SL): local low @ 7.80
  • TARGET (TP): height of the triangle projected from midpoint of the local range (BUY - SL) @ 10.25
  • REWARD RISK RATIO ( RRR ): 7.1
  • INVALIDATION: when SL level hit

Check my other stuff in related ideas.

Please like👍, comment🗣️, follow me✒️, enjoy📺!

⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Comment: *Polkadot, typo...
Trade closed: stop reached: Stoploss hit 🛑
Comment: Setup revised, I think this could be what is going on. Will try to re-entry on the potential pullback to trendline @ 8.08. New target @ 9.87, new stoploss @ 7.76, RRR 5.6

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.