This is a proof of concept for a Trading View Script Addon for stepped and trailing Take Profit levels. A great risk management tool.
It will give you 3 TakeProfit levels and one StopLoss that will rise as TP targets are hit. You can set the TP levels as % of the price as is common for many trading tools. The additional trailing for the third TP level is an extra...
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UPDATE: The price jumped 12+% after bullish signal. DOT broke resistance at 25.70. Now moving slowly to 28 USDT. Afterwards 30 USDT is next target. Price is currently consolidating under a resistance block. RSI looks prepared for another leg up. Breaking 70 is where the magic happens.
This analysis is made with...
1. Price above 3 EMA Lines -> Up Trend
2. Price retest support area + Hammer Candlestick -> Buy Entry
3. Stop loss -> Bellow EMA 20
4. Take profit -> Trailing stop loss
