This is a beautiful trade setup. We are at a new 84-day high after forming and breaking out from a round (weekly) bottom. Volatility is still reasonable, allowing a beautiful stop placement right below the breakout level.
Keep in mind this is a trade that fits a trend-following strategy. Thus, we are looking to buy after price shows strength and forms a new high at 0.0000004996. Additionally, the risk-reward ratio is 1:11 to an extremely important level above us.
Keep in mind this is a trade that fits a trend-following strategy. Thus, we are looking to buy after price shows strength and forms a new high at 0.0000004996. Additionally, the risk-reward ratio is 1:11 to an extremely important level above us.