Is this breakout real? 7 R:R trade potential

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Very unfamiliar name to many I'm sure so this may not get seen much. But we are seeing the potential start to a nice HTF move.

The key here is building tapered liquidity in white while respecting yellow buying. That will allow for a healthy continuation of this breakout of the HTF strong selling trendline.

Target entry: $10.05
LTF TP: $10.90
HTF Target: $16
Stop Loss: +/- $9.85. Use yellow strong buying as your main theory along with LTF white tapering. If we taper out of yellow and build/grab healthy liquidity at the $10 level, it's not necessary a sell yet.

Happy Trading :)

Penafian

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