A second attempt at this trade will be made based on the weekly chart if Daily Stop triggers.
Risk = $0.24 per share
Full Position TP @5.8 option to switch to a trailing stop at this point if moment remains strong
Reward potential 1.29 per share
R:R = 5.37 at Full TP
Lowest acceptable R:R at 5.23
Unless there are significant signals, taking profit below $5.11 is not recommended.
Daily and weekly on Coinbase looks different than charts for the other market places. Keep an eye on it and see which is more accurate.
Keep an eye on 5.38-5.7 for selling at resistance.
Planned time frame 2-6 weeks. Reevaluate if target not reached by then.
These are my own trades and journals. Provided for educational purposes only