JhonCortas

Trend and neckline break-out pattern

Long
BINANCE:GRTUSDT   GRT / TetherUS
I set the limit order above the neckline and will set the stop loss at 0.236 Fibonacci level. I will use the Parabolic Sar for trailing stop loss or just put the take profit order on the 0.618 Fibonacci level.
Comment: The current price is already above the trend line and surpasses the demand zone. We are waiting for ATR spikes that may result bullish momentum, probably after a retest.

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.