Not super confident in this pattern but let's throw it out there and see what kind of feedback I get. Looks like it's retesting a breakout of the descending triangle. Measured move target would put us at a target of next level up 1190 sats. Confluence for a bounce here with 4h kijun although it did close below cloud on doubled settings and has bearish tk cross below cloud on doubled settings so thats worrysome for this setup. Feel free to give me feedback on if anyone likes it, doesn't like it, the pattern i drew, etc
Commento:
Also, not entirely sure where I should place my stop loss on here. I suppose below kijun makes sense but that could be too tight. Btw, its also possible that i need to extend my pattern up and so this "breakout" i described is still within the pattern. Just a paper trade for now on an idea that i'm curious how it will play out
Commento:
target obliterated. looking to find support at same level. took some profits, can move stop up below previous target. next targets 1750, 2350