Position: Long at 0.2710 ~ 0.2730 (Stop loss: 0.2630)
Reason:
O Strong breakout after Bull flag formation at 0.258 ~ 0.263 zone
O RSI at neckline after breakout from the descending triangle
O Volume spike up, indicating further increase
O Easy resistance at 0.27725 0.29339 0.30326, Strong resistance at 0.30548 (Calculated by Fibonacci retrace)
O Decrease in the BTC dominance (follow up by ETHBTC)
O Goal to 0.30326 (Next Fibonacci line)
If you have any other thoughts or ideas, feel free to post them below!!
Trade closed: target reached
First Target Reached.Note
Final short term target reached, CLOSE for Profit
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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.
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.