See how VET consistently moves in 4 waves within the channel
Also notice that a full retracement is profoundly visiting the fib 0,618 after every 4th wave cycle
As btc is still at play a stop loss can be moved upwards every time a new resistance level has been breached to secure profit
Selling the tops gives you an excellent buy back opportunity
As VET is a very active community in search of new partnerships globaly , a sudden bigger move to the upside should always be anticipated .
After selling the tops an OCO order can be placed where you target the 0,618 for new buying opportunity as wel put a stop limit just below your previous selling point to avoid a double top scenario .
In the event of a breakout above the channel , you will have an opportunity to buy back when the upper trendline becomes support in the backtest
Also notice that a full retracement is profoundly visiting the fib 0,618 after every 4th wave cycle
As btc is still at play a stop loss can be moved upwards every time a new resistance level has been breached to secure profit
Selling the tops gives you an excellent buy back opportunity
As VET is a very active community in search of new partnerships globaly , a sudden bigger move to the upside should always be anticipated .
After selling the tops an OCO order can be placed where you target the 0,618 for new buying opportunity as wel put a stop limit just below your previous selling point to avoid a double top scenario .
In the event of a breakout above the channel , you will have an opportunity to buy back when the upper trendline becomes support in the backtest