SOT March Chart off week 3 Steem/BTC

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This is my March week 3 chart I think Steem may take another run up if it can ride the hourly uptrend to break out of the 4 hr wedge. I have described on the charts and in the description my entry, targets and stop loss.

Entry - 1172
1st Target - 1212
2nd Target - 1319
3rd Target - 1410
Stop Loss - 1100

**Legend**
Monthly - Grey
Weekly - Yellow
Daily - Red
4 Hour - Green
1 Hour - Light Blue

Nota

Broke down under the 1hr uptrend. Watching closely to see if it tests the bottom of the wedge.

Nota

Broke out of the bottom of the wedge. Will watch to see if it bounces of the next daily before stopping out.

Nota

First level touched 1212

Nota

Broke out over the top of the 4hr down trend (if you continue the wedge down).
Going to keep a close eye on the move as it gets close to the first target.

Nota

Should have sold when first target was hit.
Price dropped soon after when bitcoin dropped price.

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Sell price - 1172
Profit - 0%
Came out of the trade neutral.
Move needed more time.

OisnGribben

Penafian

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