NANO triangle breakout
Updated
NANO seems to be ready to break up this triangle📐 and if successful I think there is chance for run to 8.27 and even higher. I see strong resistance zone 8.28-8.47, so I will be taking profit bit lower below the triangle target projection. Still great RRR.
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- ENTRY: local high @ 6.883
- SL: local low @ 6.6
- TARGET: height of the triangle projected from midpoint of the local range (BUY STOP-LIMIT - SL) @ 8.27
- RRR: 4.9
- INVALIDATION: when SL level hit
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Note
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Order filled ✔️Trade closed: stop reached
SL hit, looking for re-entriesNote
Chart slightly revised, new setup below. ENTRY 6.924, SL 6.589, TP same as original. RRR 4. Note
NANO ready for breakout? I'm ready! Trade active
Order filled ✔️Trade closed: stop reached
SL hit, BTC spoiled the party once again flushing the whole market. This is why it's so critical to have SL in place
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