COMP to $720?
Compound seems to be ready to break up this triangle📐 and if successful I think there is chance for run to 720 and even higher.
Please like👍, comment🗣️, follow me✒️, enjoy📺!
Check also the previous COMP trade down below (also triangle breakout).
- ENTRY: triangle high @ 532
- SL: local low @ 474
- TARGET: height of the triangle projected from midpoint of the local range @ 720
- RRR: 3.3
- INVALIDATION: when SL level hit
Please like👍, comment🗣️, follow me✒️, enjoy📺!
Check also the previous COMP trade down below (also triangle breakout).
Order cancelled
SL hit, setup invalidated, RRR would be not favourable anymore, so I'm cancelling the order and looking for new trade setup with better RRR.
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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.