If price closes with a daily candle above the range high, I will look for an entry on the retrace.
Waiting for support to hold still.
XMR looks decent but I still want that retrace to the support level on the 4h chart combined with good volume and PA.
I try to keep it simple. The range high could only be the first target. Nevertheless, it is important to take profits along the way and trail SL.
Analysis can be found in the chart. As usual, comments are always appreciated.
I might take this even as a swing long and loosen the SL depending on PA
Not so sure if this setup is still possible but I might set some buy orders for a long at the same time where text indicates.
BTC destroyed some of my last trades making Q1 not the best so far. Nevertheless, some of those trades I would take again under the same circumstances. New chart, new luck as this trade would meet many of my trade criteria.
Not wasting your time with a text. All the info is where it should be, in the chart. Feel free to drop a comment.
All information is in the chart. Feel free to drop a like if you agree with the interpretation and/or hit me up in the comment section. Criticism is always appreciated.
From a pattern perspective, price could make a final move towards former swing high (2) until it goes down. If swing high (3) is taken out, I am totally mistaken and take the loss. However, HTF indicators 5h and 7h show bearish divergences and MACD crossing soon. Target 2 might be over the top. Depending on BTC and overall PA I might let 25% run lower (if we...