Conditions:
- 13 EMA crossed over 21 on the 4H
- brokeout of descending trend line with decreasing volume of selling, retested top of channel line and bounced off
- MACD sloping up, in bull territory
TP next major resistance
SL below the breakout bull candle
- 13 EMA crossed over 21 on the 4H
- brokeout of descending trend line with decreasing volume of selling, retested top of channel line and bounced off
- MACD sloping up, in bull territory
TP next major resistance
SL below the breakout bull candle
Trade closed: stop reached:
Broke back down the top of descending channel
Comment:
On review, the SL was placed too narrow for a coin with relatively higher ATR (average candle length)
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