GNT/BTC Poloniex – 8 H – symmetrical triangle break-out.
GNT has a break-out of symmetrical triangle on 8 H chart against BTC. Bounced from 60-day MA. It has crossed Ichimoku conversion line and base line (after pull-back) and is above the cloud. RSI is at 60 levels approx. – bulls look to control.
I am in the trade with 0.5 BTC at 7160 satoshi. Target is just below 10870 satoshi which is an old resistance and which is approx. 1.272/1.414/1.618 fib. levels of recent full and sub-up movements. With monitoring price movement continuously at these critical target level (depending on timing and so whether I can monitor that closely) rolling target may be used – otherwise I will set my target just slightly under 10870 satoshi. Still monitoring the trade of course but may not that closely to be able to go with a manual rolling target.
Stop-loss 5800 satoshi. RR is 2.76.
This is my personal view and trade. Please do your own research and trade carefully!
I am in the trade with 0.5 BTC at 7160 satoshi. Target is just below 10870 satoshi which is an old resistance and which is approx. 1.272/1.414/1.618 fib. levels of recent full and sub-up movements. With monitoring price movement continuously at these critical target level (depending on timing and so whether I can monitor that closely) rolling target may be used – otherwise I will set my target just slightly under 10870 satoshi. Still monitoring the trade of course but may not that closely to be able to go with a manual rolling target.
Stop-loss 5800 satoshi. RR is 2.76.
This is my personal view and trade. Please do your own research and trade carefully!
交易結束：達到停損點