Algorand / TetherUS
Long
Aggiornato

ALGO taking off

1105
ALGORAND finally broke up after long consolidation. I'm already in from the BUY LIMIT level, just bought the initial breakout, but I will add to my position, in case of any dips, i.e. the retest of the BUY LIMIT level would be gift from gods. I will update this idea regarding any new long signals.
TP1 >> RRR 4
TP2 >> RRR 6
Nota
Just set new BUY LIMIT A @ 1.233, with SL A @ 1.0875. TPs same, and RRR being almost the same as well.
istantanea
Trade attivo
order BUY LIMIT A filled moments ago
istantanea
Trade attivo
order BUY LIMIT filled
Nota
Closer look (H1) at the price action after initial break out. ALGO pulled back and backtested the upper edge of yellow triangle. Then consolidated into new (white) triangle which has also been broken up. Then pulled back to test the lower edge of the broken white triangle. Pure Price Action...
istantanea
Trade chiuso: stop raggiunto
SL A hit, the trade with entry BUY LIMIT A closed.
Trade with entry BUY LIMIT still in play.
As long as the lower triangle edge (the uptrendline, price currently sitting there) holds, I will be looking for long signals to re-entry.
istantanea
Trade chiuso: stop raggiunto
SL hit, the trade with entry BUY LIMIT closed.

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