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.
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Initial profit target hit. Wait for re-test of consolidation zone to see how price reacts before entering long again.
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Ensure stops are in place while BTC contracts
Trade closed: stop reached
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Small profit only, onto the next! If price gets down to the lower consolidation zone i will be favoring a buy position again
Follow me.
We can do more discussion,
and you can refer to my publish.