Long
SoT 2.0 Chartoff March, Week 2
Updated
This time we have WPR. We are looking to close out of a valley and breaking the current downtrend.
This downtrend has been touched and tested already.
WPR seems to have some support at the 309 hourly level. I would enter a little bit above that at 310, just in case it doesn't backtest that hourly anymore.
Stoploss is set at 293 which is just 1 sat below 294, the hourly level on the uptrend that has not been tested yet.
It's currently laddering up so would be a could moment to enter.
First target to sell off 50% would be 345, which is a tested daily level.
After that, we have a lot of room to move up as the next target is a daily level @ 371 which is untested.
Therefor we should sell the other 50% a little bit below at 369 in case the move fails to touch that level.
This downtrend has been touched and tested already.
WPR seems to have some support at the 309 hourly level. I would enter a little bit above that at 310, just in case it doesn't backtest that hourly anymore.
Stoploss is set at 293 which is just 1 sat below 294, the hourly level on the uptrend that has not been tested yet.
It's currently laddering up so would be a could moment to enter.
First target to sell off 50% would be 345, which is a tested daily level.
After that, we have a lot of room to move up as the next target is a daily level @ 371 which is untested.
Therefor we should sell the other 50% a little bit below at 369 in case the move fails to touch that level.
Note
Our entry level was hit so we are in the trade now at 310.Also, in my original post, I made a spelling mistake.
"It's currently laddering up so would be a could moment to enter."
should be
"It's currently laddering up so would be a good moment to enter."
Trade closed manually
I’m manually closing this trade to be in time for the stream. Price at the time of writing is 315.Would have hold longer because the fact it dropped a little bit is due to BTC moving up recently.
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