SOT 2.0 - Chartoff Submission Week 4
Updated
Observations:
- ARDR is slowly laddering and recently started to follow a new uptrend (pink)
- ARDR is now pushing to break out the 1935 hourly resistance.
- Expect to see ARDR reaching the buying zone (green rectangle), and then fly to at least our monthly level 2148 (red)
Rules:
- Wait for the price to close above the buying zone before entering the trade.
- Exit before the monthly level 2148 (red)
Our setup:
- Entry: 1935
- Target 2140 (Profit: 10.54%)
- Stop : 1877 (Loss: 3%)
- ARDR is slowly laddering and recently started to follow a new uptrend (pink)
- ARDR is now pushing to break out the 1935 hourly resistance.
- Expect to see ARDR reaching the buying zone (green rectangle), and then fly to at least our monthly level 2148 (red)
Rules:
- Wait for the price to close above the buying zone before entering the trade.
- Exit before the monthly level 2148 (red)
Our setup:
- Entry: 1935
- Target 2140 (Profit: 10.54%)
- Stop : 1877 (Loss: 3%)
Trade active
Update:- As expected ARDR reached our buying zone and started to pump right after.
- We entered at 1935.
- We are now pushing against 1926 resistance as you can see on this 15m Timeframe view. (Hi colleagues ;))
Trade closed: target reached
Our Target was reached.- Entry: 1935
- Exited: 2140 (Profit: 10.54%)
- The maximum profit could have been 17% by selling at 2272
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