GRT looking at a big breakout here

Flag here, easy trade with a tight stop, this has a very nice risk return setup.

Using flagpole for fib extension.

Long (market) - 1.76
Stop - 1.64
Target #1 - 2.17 (before breakout on pennant resistance)
Target #2 - 2.93 (1.0 extension)
Target #3 - 5.58 (1.618 extension)

Order avbruten:

Trade cancelled, looks like we're going to have a global equity sell off and dragging crypto with it. Better to wait and see here.

Kommentera:

The update is that the trade setup is still great, so long as you respect a tight stop.

The BTC sell off lastnight did not seem to affect alts that badly, certainly not as bad as what I was picturing. This could be the early filaments of alt season beginning.

I think it's a great trade still, I am not going to take it cause I threw the money on a different play already.

Order avbruten:

This coin is such a disappointment, I'm going to avoid it. Just missed all of March being in this one.

Follow where the liquidity and money is, right now, whales aren't interested in this coin.