Hello
This is mostly a positional trade. The entry point is looking juicy and allows for a short-stop-loss and therefore less downside potential. We can see that the DMI rejected the bearish crossing. The MACD is pointing upwards and the RSI is still in a bullish-zone. We have seen 3 days of consolidation within a tight channel. The first major resistance with the number 38.2 Fibbo. Is a standard retrace move from the last high. The blue -zone on the chart is the entry-zone.
Goodluck
This is mostly a positional trade. The entry point is looking juicy and allows for a short-stop-loss and therefore less downside potential. We can see that the DMI rejected the bearish crossing. The MACD is pointing upwards and the RSI is still in a bullish-zone. We have seen 3 days of consolidation within a tight channel. The first major resistance with the number 38.2 Fibbo. Is a standard retrace move from the last high. The blue -zone on the chart is the entry-zone.
Goodluck
액티브 트레이드
코멘트:
By the fibbo retrace of last high I mean, the high on 28-02-18
코멘트:
Hit and break of first resistance
코멘트:
neo found rocket fuel
코멘트:
lets see if we can break up
코멘트:
We broke up
코멘트:
TP1 done.
can re-enter the market if BTC keeps moving so will NEO. If your late entry shorter stop. I took profit last night and bought back this morning