UNI.USDT (Y20.P5.E2).Stalking.Bullish structure

Hi All,

This has a big potential, if it breaks the sloping resistance and then the horizontal level.
Hence keep an eye out...let me know too... I miss a fair bit.

The Macd has a bullish posture on the small time frame and many of the alts are doing well.
On the Daily, the indictors are also agreeing a bullish feel.

How to trade this, it has to be a break out trade.
We have 2 levels with multiple touches.
I would suggest that the 4th touch will be the likely one and so when it break above it, place 2 orders so your order gets filled (1 on the neckline) and place your stop loss straight after bottom of the candle on the 4 hrly most likely or this green one if the other is a short candle.
Sell 5% of your holdings straight away after it moves 2% or so.
This will be your insurance if it pulls back, you lose nothing from being stopped out.

Note its like a bottom 1/2 diamond which is a reversal pattern.

All the best.


S.SAri

Komen:

Now the question is, is it an inverse HS target?

Have the min. and max and anywhere in between.

Komen:

Komen:

chart update
ref (w.chart)

Komen:

I'm still in the trade.
If you want to learn the technique, come to tradetoprospa.net

Komen:

my trade is still active