Filecoin. Possible next participant

5 May 2021

Hello!

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

7 May 2021

Not

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

7 May 2021

Not

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

12 May 2021

Not

We did hit our entry target

12 May 2021

Not

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!

13 May 2021

Not

Trade hit to stop loss. Lower support level worked nicely as a support.