On my previous $BTC update Tp 2 was hit.
At what point do we realize to flip direction?
where are the clues?
If a stock/coin/asset / etc is " Due for a retracement " is a fallacy, not something to enter a trade.
Would've never taken this trade but let see where it would've worked, where are the signs.
Reasons not to have taken this trade.
Reasons to Enter are above,
Lower low on smaller volume
the second level never breached
a longer trend line established ( maybe I should not be opposed to trendlines )
and the ascending triangle printed, but at that point, your R:R would be Terrible
At what point do we realize to flip direction?
where are the clues?
If a stock/coin/asset / etc is " Due for a retracement " is a fallacy, not something to enter a trade.
Would've never taken this trade but let see where it would've worked, where are the signs.
Reasons not to have taken this trade.
- A lot of chop above
Liquidation wicks,
small zones,
less than desirable R:R ,
Small re-entry window
Reasons to Enter are above,
Lower low on smaller volume
the second level never breached
a longer trend line established ( maybe I should not be opposed to trendlines )
and the ascending triangle printed, but at that point, your R:R would be Terrible