MIR consolidation on key level/bull flag

If bulls manage to defend the key level (3.713) the price should attempt a breakout next. Otherwise we might fall down back to the bottom of the channel.

Entry: buy 3.8 -- 3.7

TP1: 4.057
TP2: 4.226
TP3: 4.431
TP4: 4.646
TP5: 4.939
TP6: 5.272 (~41%)

SL:

3.523 (~6%)
3.371 (~10%)

Remember about risk management, especially that BTC has been quite volatile lately.

Yorum:

update:

First SL was hit(..) Lesson learned: avoid entering in the middle. 50% of total position size remains active in the trade.

İşlem elle kapatılmış:

TP1 and TP2 (+ ~17%)were hit which along with moving SL to entry allowed this trade to break even (or small profit)