Still haven't entered this trade yet, but feeling more bullish on it now. It ended up bouncing between the .786 and .618 FIBS and seems to have decent support within the pennant. I modified the patterns as you can see; it appears we may be starting a descending broadening wedge in the shorter term. This pattern is bullish and has a very high success rate. It may give us the fuel we need to push out of the larger pennant. I would still like to confirm the three EMAs crossing the 55 EMA as well as a volume increase on the 30min.
ROOKIE trader; Follow at your own risk!
-Solid horizontal orange line: I bought at that price
-Dotted horizontal orange line: mock buy, not in the trade yet
-Solid horizontal pink line: Stop loss/sell implemented
-Dotted horizontal pink lines: Targets
ROOKIE trader; Follow at your own risk!
-Solid horizontal orange line: I bought at that price
-Dotted horizontal orange line: mock buy, not in the trade yet
-Solid horizontal pink line: Stop loss/sell implemented
-Dotted horizontal pink lines: Targets
Trade active:
Entered this trade at 1121 Sats. Will RSI bounce?
Trade closed: target reached:
Houston, we have lift off. I took profits at 1263 Sats. It actually blew right through that potential resistance. If I were still in, my next targets would be 1355 Sats, 1461, then 1699. Good luck!