Continuing my previous idea (in related ideas below)
Channels are one of my favourite setups.
They allow me to clearly identify my entry, targets, and SL. Whereas fibonacci levels can be subjective at times in terms of which wave's fib levels are being taken.
I am in at $17
Trade closed: stop reached
took a hit - it's frustrating when one coin goes against the whole crypto market.
we break and actually retested the resistance trend line, which has now turned into support. can flip the trade and go for long