V0VOLAN

MIR consolidation on key level/bull flag

Long
V0VOLAN Updated   
BINANCE:MIRUSDT   None
If bulls manage to defend the key level (3.713) the price should attempt a breakout next. Otherwise we might fall down back to the bottom of the channel.

Entry: buy 3.8 -- 3.7

TP1: 4.057
TP2: 4.226
TP3: 4.431
TP4: 4.646
TP5: 4.939
TP6: 5.272 (~41%)

SL:

3.523 (~6%)
3.371 (~10%)

Remember about risk management, especially that BTC has been quite volatile lately.
Comment:
update:

First SL was hit(..) Lesson learned: avoid entering in the middle. 50% of total position size remains active in the trade.
Trade closed manually:
TP1 and TP2 (+ ~17%)were hit which along with moving SL to entry allowed this trade to break even (or small profit)

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.