A New Trading Opportunity. TP3 hit with 3110 profit..!!Status Network Token/Bitcoin
New trading suggestion:
*The price is in a range bound, but we forecast the uptrend would Resume.
*There is still possibility of temporary retracement to suggested support line(0.0000126) , if so, traders can set orders based on Price Action and expect to reach short-term targets.
*If the support line at (0.0000126) is broken, the forecast (Resumption of uptrend) will be invalid.
*We will close our open trades, if the Midterm level (0.0000126) is broken.
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Trade Setup:
We opened 8 BUY trade(s) @ 0.00001140(day close price) based on the reversal candle (2-Day Hammer ) at 03.27.2018.
Total Profit: 3110
Closed trade(s): 1230 Profit
Open trade(s): 1880 Profit
Closed Profit:
TP1 @ 0.00001260 touched at 03.31.2018 with 120 Profit.
TP2 @ 0.00001600 touched at 04.03.2018 with 460 Profit.
TP3 @ 0.00001790 touched at 04.21.2018 with 650 Profit.
120 + 460 + 650 = 1230
Open Profit:
Profit for one trade is 0.00001516(current price) -0.00001140(open price) = 376
5 trade(s) still open, therefore total profit for open trade(s) is 376 x 5 = 1504
All SLs moved to Break-even point.
Take Profits:
TP4= @ 0.0000237
TP5= @ 0.0000319
TP6= @ 0.0000374
TP7= @ 0.0000480
TP8= Free
Technical analysis:
StatusNetworkToken/Bitcoin is in a range bound and resumptionof up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 51.
