YOYO - Buy Opportunity - 56% ROI - 14:1 Risk/Reward
Reasons to buy:
1. Valid break-out pattern with a clear consolidation zone
2. Smaller break out pattern triggered
3. High return on investment (56%) with massive 14:1 risk/reward
4. Buy low / sell high
WAIT for a retracement back into consolidation zone to offer high risk/reward ratio. Should this zone fail, price can still re-test the lower consolidation zone and move towards the projected targets.
Enjoy.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
1. Valid break-out pattern with a clear consolidation zone
2. Smaller break out pattern triggered
3. High return on investment (56%) with massive 14:1 risk/reward
4. Buy low / sell high
WAIT for a retracement back into consolidation zone to offer high risk/reward ratio. Should this zone fail, price can still re-test the lower consolidation zone and move towards the projected targets.
Enjoy.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Comment:
Initial profit target hit. Wait for re-test of consolidation zone to see how price reacts before entering long again.
Comment:
Ensure stops are in place while BTC contracts
Trade closed: stop reached:
Small profit only, onto the next! If price gets down to the lower consolidation zone i will be favoring a buy position again