A week ago, I sorted the moonshot on ALGO. Its price had exploded over previous highs, was hyper stretched from the 10-day moving average, and it had formed a massive candle with a large enough top wick at that moment.
Another retreat should retest its previous high as resistance and convergence with the 10 days MA, in my opinion, was in order.
The maternal admirer, on the other hand, refused to break down; instead, it teased me by seeming like it was about to crack.
At an average price of 1.96, I sold 1/3 of the trade to earn relatively tiny gains. My starting price is 2.16 (as indicated by the blue arrow), and I'm leaving the remainder to ride, with my buy-covered order at 1.72 still resting at the previous resistance level.
That would pay for half of my present role, as I have a second order at 1.25 in case there is a cryptocurrency sell-off and the entire move is given back. However, I may make a change.
You can also do it!!!!
