I realized that I usually put signals which are just about to break or has just broke out which would need a throwback (pullback and retest) for a "perfect" risk/reward.
I was thinking I'll put an update now early on from a possible participant for us
We have a nice looking bullflag here. We will follow this one and look, how it starts to play out
Give a like if you like this idea
-Jebu
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The price tested again the upper sloping resistance. I put an buy order ready, close to the vertical support and 50ema if it happens to spike drop fastly and come back. Stop is also activated 4-5%
If the price happens to break upwards we wait for retest and then take an entry
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When/if we do see a break out upwards, we want to see the upper vertical resistance to be broken also. Which will work as confimation
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We did hit our entry target
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Here it shows on USDT which I actually forgot to post beforehand, sorry about that. Take notice that this is not leveraged position. Target is 100-130% move. I marked with vertical red line the area after which I would turn little bearish and wait for a drop down. You don't want to risk on this trades anymore than you need to!
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Trade hit to stop loss. Lower support level worked nicely as a support.
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