Conditions:
- 13 EMA crossed over 21 on the 4H
- brokeout of descending trend line with decreasing volume of selling, retested top of channel line and bounced off
- MACD sloping up, in bull territory
TP next major resistance
SL below the breakout bull candle
- 13 EMA crossed over 21 on the 4H
- brokeout of descending trend line with decreasing volume of selling, retested top of channel line and bounced off
- MACD sloping up, in bull territory
TP next major resistance
SL below the breakout bull candle
Trade closed: stop reached
Broke back down the top of descending channelNote
On review, the SL was placed too narrow for a coin with relatively higher ATR (average candle length)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.