reversalradar

PICKLE/ETH Mar 30

PICKLE has gotten some interest and it seems clear the upswing has started. The large wick on this candle indicates to me that the upside is fairly limited since all of the breakout out of the box was immediately sold off (12:10pm alert triggered and by 1:30pm now its already back in the box). I am neutral and do not want to take a position in PICKLE on the daily candle at this point. It doesn't meet my conditions for lowest risk to reward and the targets (stop and profit) are about equidistant, so the risk to reward is 1:1 with probably equal 50/50 chance of hitting either one.

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