Sell off into high traffic support level and prior resistance. Wick on trend + oversold. Decent RR and probability.
Bitcoin price activity is a factor. Position sized accordingly.
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Broke local trend on recent Bitcoin move. Seeing continued inverse correlation in most altcoins. Will assess for an exit on the retrace, or stops.
Handel aktiv
Seeing bounce on the support level just below entry. Now oversold on larger timeframes. Added to cost average. Leaning towards a graceful exit (or scaling back to original size) at the trendline turned resistance. Bitcoin price activity still primary decision driver. Stops still in place.
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Scaled out 50% at support turned resistance. Base price .0029 on remaining position.
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Pushed through immediate resistance. Watching for the larger breakout.
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Developed into a larger consolidation range. Trade continues on higher time frame. Fib extension remains target for first profit take.
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Higher Time Frame Chart:
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asc triangle w/o wicks.
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Early breakout, keeping an eye on volume.
Trade stängt manuellt
bagheld this one for a while - finally sold into recent move.
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