eganon69

CARDANO BREAKOUT = 7R Return. Entry = 0.1708. Target Price 0.25

Long
eganon69 Mis à jour   
KRAKEN:ADAUSD   Cardano
Trade is BUY at 0.1708 just now. SL set at 0.1601. TP = 0.25. This is a 7R trade.

Breaking out of a large consolidation pattern bull flag and retesting breakout just now as we bounced off support at 0.17. MACD shows BULLISH Divergence and recent breakout of down trend on MACD shows optimal BUY opportunity PRIOR to breakout but the break out and retest based off price action confirms this trade as being HIGH Probability.
Transaction en cours:
Already in Profit moments after Trade Initiated. This breakout will likely retrace to the support line and bounce off in the 8 hr time frame.
Transaction en cours:
Retracing a bit today. Looking for opportunity to ADD to this trade and push a winner while also minimizing risk.
Transaction en cours:
Retraced to horizontal support and a breakout above bull flag 0.1863 would good but I think I will wait on adding to position given nearby overhead resistance. Will leave everything as is and wait on more info. Sometimes doing nothing is the best course of action.
Transaction en cours:
Still in trade and WELL into Profit. Plan to hold until the trend changes or SELL signal given on a Weekly time frame. Will update periodically.
Trade fermée: cible de profit atteinte:
Taking Profit. Trade looks overextended today and plan to reenter at lower price. Position Closed with HUGE profit at $1.00. This was an 83R return on the trade.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.