Currently in a triangle. Projected price target is based on maximum price action in the triangle/wedge which also matches 1.61Fib extension. Same extension worked before as well. Entry as we bounce back from lower support and enter into buy zone.
Trade active:
Still in play as instead of lower triangle support bounce, the price got rejected from 0.236 fib.
Trade active:
Order cancelled:
BTC quick drop changed all alts. Will update targets once BTC has settled.
Comment:
Never entered the trade. that is the whole point of setup. If it does not get triggered by preset conditions, we do not enter.