Fantom about to break ATH
Updated
Watch for break of ATH, look for fib extention for a bounce and secondary entry on retest of breakout!
more targets when broken out!
Trademanagement:
25% on small retracement under ATH,
25% on breakout
50% on retest
When Target 1 met take initital 25% out of the market and look for a retest of Lower High and "W" formation.
more targets when broken out!
Trademanagement:
25% on small retracement under ATH,
25% on breakout
50% on retest
When Target 1 met take initital 25% out of the market and look for a retest of Lower High and "W" formation.
Trade active
Comment
Sadly not what we expected, a small pump and a retracement starting immediately. RSI oversold, leaving some downsideBut we are in 25% of our position.
Watch levels like on chart if you want to scale in lower, giving you a better breakeven.
I suggest 25% on each level.
In case we don't hit target, we looking for another break of previous ATH. to add to our position
Trade closed: target reached
WE hit target one, looking for a backtest of the previous high, eventually happening tomorrow. Could go further down watch 1,69 and for 1,52 for a deep retracementTrade active
Taking another entry with our initial profit we took out of the marketComment
Looking for support on 3,04 and 2,50 for next leg up
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