Steem / BitcoinLong
SoT 2.0 Chartoff May, Week 4
Updated
STEEM is up for the final week.
Let's hope I can close this months chart-off with some profit at least ;) 0/3 so far.
Not much to say. STEEM is testing a daily downtrend and a 4 hour downtrend and looks like it will succeed with the next attempt.
It has tested a daily level and a 4 hour level already so the next 4 hourly level will be our target.
Enter on the hourly level of 479 which is the level we need to hold and also the price where the current uptrend will be at.
(I know we can't draw the uptrend to a candle that hasn't finished yet but I think we will either see this be the next uptrend and continuing of the move up or we will see it fail if it loses the 479).
Exit a little bit before the first untested 4 hourly level of 567.
Stoploss at 470.
EDIT: actually misplaced my profit target.
The green part of the box shows it at 567 but I will exit at 565.
Let's hope I can close this months chart-off with some profit at least ;) 0/3 so far.
Not much to say. STEEM is testing a daily downtrend and a 4 hour downtrend and looks like it will succeed with the next attempt.
It has tested a daily level and a 4 hour level already so the next 4 hourly level will be our target.
Enter on the hourly level of 479 which is the level we need to hold and also the price where the current uptrend will be at.
(I know we can't draw the uptrend to a candle that hasn't finished yet but I think we will either see this be the next uptrend and continuing of the move up or we will see it fail if it loses the 479).
Exit a little bit before the first untested 4 hourly level of 567.
Stoploss at 470.
EDIT: actually misplaced my profit target.
The green part of the box shows it at 567 but I will exit at 565.
Trade active
We got filled @ 479Note
I actually noticed the levels are a little bit different than I had before. Instead of exiting at 565, I will exit at 575. This is a little bit below the daily level of 586.This is the updated chart:
Note
STEEM made a nice attempt to go for our target. It’s not there yet. I think it was stopped on it’s way up by BTC, which moved down below a level at the same candle STEEM made a run for it.Staying in the trade as I think STEEM will try again soon when BTC stabilizes and holds price.
Trade closed manually
With BTC dropping, I’m exiting this trade at 480 for a very small profit of 1 sat. Might re-enter later when BTC settles downNote
I will buy again once it reaches 505Note
Looks like its dropping again. Last time, it held the 479 level. Looking to buy there again.Trade active
Trade active @ 479 againTrade closed: stop reached
Trade hit my stoploss right on the sat :(
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