Our other short breakout trades have executed, it seem highly likely that the whole crypto market it making a retracement downwards.
We enter at the retracement of the pennant breakout, which is near the close of the candle that in our structure (highlighted by the box).
Two profits targets for this trade are set.
After hitting the first we take 50% profit, and move stop-loss to entry.
We enter at the retracement of the pennant breakout, which is near the close of the candle that in our structure (highlighted by the box).
Two profits targets for this trade are set.
After hitting the first we take 50% profit, and move stop-loss to entry.