Description
⋅ Several key resistance levels here as shown. $51.5 is currently a monster resistance level.
The last trade went very well and a 2x of the pot was yielded using margin / key TP levels.
Setup is as shown on the chart. A 1D close above $51 invalidates this setup.
A 4hr close bellow the 0.382 fib invalidates the cup/handle and we are back to the channel support currently at $47.5.
Patience is key here - don't fomo rush
Trade active
⋅ Opened long at 47.60
Comment
⋅ Limit order hit at E1
Comment
⋅ Closed margin long for now to lock in profits at $49
Trade active
⋅ Open long at $48
Order cancelled
⋅ Closed at small profit - taking a break to focus on other projects
Trade active
⋅ Come back to trading - opened margin long at 52.50 will update a target with a new chart
Comment
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