MIR consolidation on key level/bull flag Long

Description

⋅ Sep 16, 2021 3:12 AM

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

⋅ Sep 17, 2021 12:09 AM

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

⋅ Sep 21, 2021 2:13 AM

TP1 and TP2 (+ ~17%)were hit which along with moving SL to entry allowed this trade to break even (or small profit)