Thesis: Down 35 percent from the highs. Coming off the bottom from a prior bounce. Two prior range lowz bounced from this area. Seen some decent buying on chain around this level on swaps. Good R/R for a long for me. TP 1 high 16s (16.7-16.9) Break and close 17 think it runs the highs but take it lvl by lv. 1h close below 13 invalidates.
Comment:
Took 70 percent off at pivot. No need to force anything after large corrective moves and still uncertain market conditions short term. Last remaining try for 18.8 but stop up to 14.9 now.
Trade closed: stop reached:
Got stopped out the rest when i move up my stop. Could have let it run but felt more comfy with that play given BTC activity. Set up still in tact for thosE in. GL.