BINANCE:NAVBTC   NAV Coin / Bitcoin
15min Chart
Currently in a descending parallel channel and touching the upper part of the channel, which it's also a previous resistance level .

Trading strategy:
1. Buy if a candle close above the channel
2. Wait for a retracement inside the parallel channel and buy when the lower line is hit.
Oct 30
Trade active: Trade active for 1. case (targets & stop on the snapshot)
Oct 30
Trade active: Target 1 Reached: 5.5%
Oct 31
Trade closed manually: Just target 1 reached. Closed at this level.

It broke the descending channel, but failed to form a triangle/flag fomation after the price increase. Let's give it some time for consolidation.

Update soon!
Nov 07
Trade active: NAVBTC Update

NAV touched the bottom side of the current price channel.
It's a good trade with low risk, if we consider the price will continue to move inside this channel. Let's see how it will develop.

Targets:
699 sat
735 sat
771 sat
841 sat

Stop @ 5450sat (it will also break the trendline)
Nov 07
Trade closed: stop reached: Hit stop!

Comments

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