BTCUSD: TD Sequential Long Trade On 3 Day Chart

Analysis: Price bottoming on a TD Sequential 9 at the 200 MA
Entry: $7,620 - A green 3 moving above the green 2
Stop: $7299 - A red 1 moving below the green 2 (-4.2%)
Target: $8595 - Horizontal resistance (+12.8%)
Plan: Tighten stop loss to break-even around $7,900 (100 MA)
Risk/reward: 3

This is what the TD Sequential has been like on the 3 Day chart since 2018:

Commentaire:

No position taken as of yet, hence charting this on BLX chart: I'm waiting for a Daily close before entering any position on the 3 Day chart.
I'd still be interested if price closed above $7620, potentially more so if price got back up there.

Ordre annulé:

Just closed the 3 Day candle on a Red 1, therefore trade cancelled. There is now a short trade below the Red 1 at $7139, thought personally wouldn't take this trade as the 200 MA is around $7k at the moment. 12hr is also on a Red 9 sequential buy.