NEOBTC 1D Ichimoku Kumo Breakout /w Bullish Kumo Twist
Bullish Thesis:
-Price has broken above and held above cloud
-Bullish TK Cross
-Bullish Kumo twist
Risk/Counter Thesis:
-Thin kumo on the immediate horizon (can act as a black hole that sucks in price)
-Altcoin/Bittrex/Low Liquidity/Bearish Macro Environment
Laddered Entry Range*:
0.00128778 - 0.00121517
*Position size should scale higher for better (lower) entries
Stop Loss Placement:
-Below Kijun
-Greater than ATR of ~7000 sats
-Stop loss assumes that momentum towards the thin kumo twist area may be sustained and break down with high momentum, so we are getting out before that happens
-Price has broken above and held above cloud
-Bullish TK Cross
-Bullish Kumo twist
Risk/Counter Thesis:
-Thin kumo on the immediate horizon (can act as a black hole that sucks in price)
-Altcoin/Bittrex/Low Liquidity/Bearish Macro Environment
Laddered Entry Range*:
0.00128778 - 0.00121517
*Position size should scale higher for better (lower) entries
Stop Loss Placement:
-Below Kijun
-Greater than ATR of ~7000 sats
-Stop loss assumes that momentum towards the thin kumo twist area may be sustained and break down with high momentum, so we are getting out before that happens
Trade closed: stop reached
Stop loss hitWill be interesting to see if the bearish move continues or if the stop happened to be placed at the precise reversal level
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.