SC/BTC Cup and Handle on Daily
Updated
While doing my weekly scan of cryptos this monday I saw that SC seemed to have a beautiful Cup and a Handle is forming atm.
The handle would be nicely complete by hitting the Kijun Sen at 23 sats and all factos point to this moving higher.
1. We see Chikou is perfectly set up, We had a bullish TK cross at 19 sats and the trade even though in the cloud looks like it will potentially complete and Edge to Edge proceeded by a Kumo Breakout on HTF being the Daily so good probabilities.
SC is just above its all time low and this could be the trend change if we see the Kumo Breakout on the daily.
I would not be greedy with this one.
I am taking profit:
1. 28 sats - 35%
2. 31 sats - 35%
3. 37 sats - 20%
4. 40 sats - 10%
My stop loss will be at 21 sats.
This setup is nice, but wait for the Kijun Bounce to give us the confluence we are looking for here.
Twitter: coachkcrypto
Manage Risk, Educate, Learn, Repeat.
Coach K
The handle would be nicely complete by hitting the Kijun Sen at 23 sats and all factos point to this moving higher.
1. We see Chikou is perfectly set up, We had a bullish TK cross at 19 sats and the trade even though in the cloud looks like it will potentially complete and Edge to Edge proceeded by a Kumo Breakout on HTF being the Daily so good probabilities.
SC is just above its all time low and this could be the trend change if we see the Kumo Breakout on the daily.
I would not be greedy with this one.
I am taking profit:
1. 28 sats - 35%
2. 31 sats - 35%
3. 37 sats - 20%
4. 40 sats - 10%
My stop loss will be at 21 sats.
This setup is nice, but wait for the Kijun Bounce to give us the confluence we are looking for here.
Twitter: coachkcrypto
Manage Risk, Educate, Learn, Repeat.
Coach K
Note
Also forgot to add once you hit the targets move stop up into profit so the winners keep on winningTrade active
Tapped the Kijun trade is open
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