Please always remember that there is two legs on every spike ,
So basically, Leg No 1, Pull back, Leg No 2, and pull back,
As I already explained, I have putted a limit order on my entry 2 position which was filled,
Since then, we are in a trading range, that I consider it as Pull back of first leg,
This TR is currently forming a triangle , and based on BTC price action, I expect that we see a bullish break on down trend.
Second point you need to remember:
As I already told you on my trade update, I was planning to update my MAGIC TARGET on this trade, as we had a deep pull back so far.
Based on Measure move on price action,
my magic target is at around 0.44 now!
I will keep my position on this trade as long as my SL is not triggered,
Lets See:-)
So basically, Leg No 1, Pull back, Leg No 2, and pull back,
As I already explained, I have putted a limit order on my entry 2 position which was filled,
Since then, we are in a trading range, that I consider it as Pull back of first leg,
This TR is currently forming a triangle , and based on BTC price action, I expect that we see a bullish break on down trend.
Second point you need to remember:
As I already told you on my trade update, I was planning to update my MAGIC TARGET on this trade, as we had a deep pull back so far.
Based on Measure move on price action,
my magic target is at around 0.44 now!
I will keep my position on this trade as long as my SL is not triggered,
Lets See:-)
Trade closed: stop reached
Lets see if this will moon us! after retest