4HR TF Bullish Symmetrical Triangle Close to the apex for a breakout
Wait for the Break of the Resistance with a candle close and back test .
I have done a fib ext pull and detailed where i expect to take profits
In the event we hit the 1-1 extension as seen in the chart which is a TP for me
I will hold back 20% of position for a potential Price discovery with a trailing Stop loss.
Take profits on the way up at key areas of resistance and lock in profits! Dont be blinded
by greed as price action can aggressively change and then the profits are gone so
have a plan and stick to it .
All it takes to invalidate any setup with an ALT coin is a big up or down move from BTC !
Know your invalidation and always use a SL
PLAN THE TRADE AND TRADE THE PLAN
Wait for the Break of the Resistance with a candle close and back test .
I have done a fib ext pull and detailed where i expect to take profits
In the event we hit the 1-1 extension as seen in the chart which is a TP for me
I will hold back 20% of position for a potential Price discovery with a trailing Stop loss.
Take profits on the way up at key areas of resistance and lock in profits! Dont be blinded
by greed as price action can aggressively change and then the profits are gone so
have a plan and stick to it .
All it takes to invalidate any setup with an ALT coin is a big up or down move from BTC !
Know your invalidation and always use a SL
PLAN THE TRADE AND TRADE THE PLAN
Trade closed manually:
BTC Ruins the setup and as a result we see a downside across all ALTS
Order cancelled
