EOSBTC & EOSU18: Breakout - Breakdown Setups
Updated
Technical: We are currently in consolidation and has formed a bear pennant (Also looks like a Wave 4 correction). This only implies that probability of breakdown is higher than a breakout. Still it does not mean that we enter a short trade yet. We wait for either one of the confirmation levels to get taken out.
If long confirmation then target will be 0.0009
If short confirmation then target will be 0.000655
If you're lazy then you can set stop orders on each of the confirmation level. Whichever gets hit is the trade we take.
I shall update my stop loss levels once the trade gets activated.
Godspeed
_________________________________________________________________________________________________________________________
I'm not your Financial Advisor and this is not to be construed as Financial Advice but I can be your Legal Advisor if you can afford me.
If long confirmation then target will be 0.0009
If short confirmation then target will be 0.000655
If you're lazy then you can set stop orders on each of the confirmation level. Whichever gets hit is the trade we take.
I shall update my stop loss levels once the trade gets activated.
Godspeed
_________________________________________________________________________________________________________________________
I'm not your Financial Advisor and this is not to be construed as Financial Advice but I can be your Legal Advisor if you can afford me.
Trade closed: target reached
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