Monero broke up this triangle📐 and I think there is chance for run to 372 and even higher. Setting BUY LIMIT order to previous range high to catch🎣 the pullback. Notice how price action respects the Fibbonaci extension applied to initial impulse. 0.618 already broken, 1 just tested. Next hurdle will be 1.272 and finally the 1.618 which corresponds with the triangle target. Easy breezy, beautiful.
Check my other stuff in related ideas.
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
- ENTRY: local high @ 282
- STOPLOSS (SL): local low @ 248.9
- TARGET (TP): height of the triangle projected from midpoint of the local range (BUY LIMIT - STOPLOSS) @ 372
- REWARD RISK RATIO (RRR): 4.3
- INVALIDATION: when SL level hit
Check my other stuff in related ideas.
Please like👍, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Trade active:
Order filled ✔️
Trade closed: stop reached:
Stoploss hit 🛑
