drjimbeam

New trade setup maturing.

Long
drjimbeam Updated   
BINANCE:WANBTC   Wanchain / Bitcoin
You may buy the break-out/ retest. Target ≤5300 sats. I have already built a position in this trade.
Trade active:
Buy the retest.
Comment:
If you missed your entry at the retest, buy in at 4670-4720 sats.
Comment:
it may seem like the restest failed which is true but the setup is still valid, we just broke down because of BTC testing support/ dumping. 12200 is historically strong resistance. We have been consolidating and will be breaking out within the hour. Target zone is ≤5000-5200 Sats.
Comment:
Big move to unfold within 12 hours. Updated target at ≤5600 Sats.
Comment:
Loves bouncing between 4500Sats and 4300. I am closing my position before ≤5000 Sats. Pursue another trade thereafter and later reevaluate a fresh entry.

Trader lesson of the day: Secure profit before big evens. MAJOR psychological resistance at 5000!
Trade closed manually:
We are breaking down, closing in slight loss from our entry point.
Trade active:
Opened a position here. We are ready to kiss ≤6000 sats in a few hours but only at the mercy of The King Coin BTC.
Comment:
Ready to Pop to 5500 Sats. BTC holding strong.
Comment:
Wan looking ready to run with immediate target at 5200-5300 Sats but will we break past the 5000? Are we going straight to 6000? I am waiting on the sidelines and watching. Will open a new position once we establish support above 5000. Probably bounce in a channel after that.. G'luck to those in the trade.
Comment:
Weady to wan?
Close positions at 6000 Sats.
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