Minor details on attempt at a trade here. Idea is to play safely, aim at clear lows. However, looking to hit similarly reached lows (extensions beyond the close, good for entering positions while decreasing risk downside). Have done this before successfully, but have felt more uncertain to do so recently, here's an opportunity to try it and document it!
The price ~$10,455 is the least a price has gotten in these lows. See: June 23rd, June 27th, and June 30th.
In simple words, I'm fishing for a safe position to enter a long.
Entry: $10,473.00
1st Target: $12,500.00
2nd Target: $14,800.00
Stop loss: $10,236.50
10x leverage;
22.6% risk, 193.50% gain
Target 2: 412.60% gain (Calculated with $14,794)
The price ~$10,455 is the least a price has gotten in these lows. See: June 23rd, June 27th, and June 30th.
In simple words, I'm fishing for a safe position to enter a long.
Entry: $10,473.00
1st Target: $12,500.00
2nd Target: $14,800.00
Stop loss: $10,236.50
10x leverage;
22.6% risk, 193.50% gain
Target 2: 412.60% gain (Calculated with $14,794)
Comment:
Updating, I no longer think this is exactly the case. Something off felt about this, and I think I know what it is; this isn't a full bullish pennant. I think that we have some room for development, here. I am placing a short here at:
s3.amazonaws.com/tradingview/snapshots/i/Idiv4AU6.png