Powr seems to be forming a "handle" as it touches the trendline. This could be a good trade R-to-R wise.
Entry: 5500-5900 *BUT ONLY ENTER IF THERE IS A GREEN CANDLE ON THE DAILY CHART AROUND THIS AREA*
SL: < 5260
TP1: 6990
TP2: 8200
TP3: 9500
Thumbs up if you agree!
Not intended as trading advice. This is my own trading journal. I use a stop loss when I have to, and I take profits when my targets are hit.
Entry: 5500-5900 *BUT ONLY ENTER IF THERE IS A GREEN CANDLE ON THE DAILY CHART AROUND THIS AREA*
SL: < 5260
TP1: 6990
TP2: 8200
TP3: 9500
Thumbs up if you agree!
Not intended as trading advice. This is my own trading journal. I use a stop loss when I have to, and I take profits when my targets are hit.
Trade active
This is a good entry point. I will use 5200 as my stop loss. If the stop loss is triggered due to a bitcoin drop, then I might re-entry once I crosses that point to the upside.Trade closed: stop reached
Stopped out at 5200. Might look to re-enter in the future. Bitcoin is causing all alts to drop right now. Best to stay out if you can.
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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.