Short write up but you have seen me post these same set ups before, we buy the first candle to close outside the channel (green solid line)
Stop loss is set just below this green solid line.
Targets are green dotted lines, these new coins attract attention when they break and are fast movers. You have seen this with a number of new coins we have now traded together.
Coin is currently building up nice momentum this tells us we will break high BUT we don't buy until its confirmed. With BTC moving around we need to buy confirmations more then speculations.
Cash Is King!
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Target 1 and 2 hit, chart tells us indicators are strong after retrace we should see another leg to target 3.
We need to also consolidate this may take time.
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Sorry I have been offline a few days but this trade has hit all targets and still looks very strong.
Next target for those of you that are still in is .0068 when we reach this target I need to take a close look at the chart as this is a line of resistance