PRPL ichimoku entryHaving crossed above the cloud top today, conditions are satisfied to enter LONG for an expected pop of at least ~4%. This would be just a modest retrace toward today's high so probability is good. We can also see that a successful entry was recently called out by the indicator which boosts confidence.
This strategy is based on capturing the quick pop in the day or two after the entry. Set stoploss at RED dashed line, trailing stop activation at BLUE dashed line with a value of $0.59 (1.95%).
