The pattern is a bit unclear, but because the RR is so great i am taking the risk here. Starting small and increasing on the break of the yellow zone. Think we might make a lower high on the daily, so it could potentially drop a lot coming weeks. Making the RR enormous, which makes it worth the risk for me. I am using the stop loss, but in case we move only slightly higher but start to drop again (false breakout), i will probably short it again when that yellow zone breaks.
Comment:
Almost moving up but we got some rejection now, i want to see it stay below the yellow zone now.
Comment:
Got some rejection from that yellow zone now, use that as a stop, your entry or at least a tiny loss. Do not use the original stop, because if it gets that high from this point, something else might be going on.
Comment:
Patience, we are finally dropping now, looking good now, maybe this triangle can give some acceleration down.
Comment:
Seems i i only posted the previous update in my telegram channel, was a mistake not intentional.
So we got the acceleration down and first target was reached. The game plan is still a much bigger play as mentioned above. So closed half and going to move stop for the other half to the red zone.
For the ones who did not take profit, i would use that trend line as a first stop
So we got the acceleration down and first target was reached. The game plan is still a much bigger play as mentioned above. So closed half and going to move stop for the other half to the red zone.
For the ones who did not take profit, i would use that trend line as a first stop
Comment:
Now current update:
Broke the trend line but got rejection from that red resistance zone now. If we brake yesterday's low i will move the stop towards that level
Broke the trend line but got rejection from that red resistance zone now. If we brake yesterday's low i will move the stop towards that level
Want to support me? My affiliates:
partner.bybit.com/b/botje12
onelink.to/quantfury
Add invite code AFTER signing up, bonus up to $250: 4JU345F3
1 trade, 30 day wait, to claim bonus
www.kucoin.com/r/af/rMQN2A5
partner.bybit.com/b/botje12
onelink.to/quantfury
Add invite code AFTER signing up, bonus up to $250: 4JU345F3
1 trade, 30 day wait, to claim bonus
www.kucoin.com/r/af/rMQN2A5