Trapping the Cardano
The trap has been set. It still can go down first before the break of BUY STOP-LIMIT level. But it's really close now. RRR 5.7.
Trade active
Order filled, let's see how the price handles the main upper trendlineNote
...like a hot knife thru butter. :-)Note
I see resistance on 1.473, so going TP there (bit sooner than originally planned).Trade closed: target reached
Here we go. Just hit the resistance 1.473 and I'm out. Quick bucks. :-)Note
Still didn't break the resistance @ 1.473. Will the price hit the original TP?Note
Nailed this one to the wall. Just check what the price has done after my "premature" exit @ 1.473, and where it got stopped later even after the "Coinbase" pump. :-)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.