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As expected, the coin broke out of consolidation to the upside. You can now move your stop-losses to breakeven and hold the position further until it takes the liquidity beyond the level
The coin moved very quickly to take the nearest liquidity, just as expected the price couldn’t be held higher
Now I’m expecting consolidation, and the key is for the coin to hold this level. If it does, there’s a technical chance that it will move on to take upper liquidity in the near future
There is one clear level on the coin, and consolidation has formed below it, so we should expect further consolidation and a move to take the liquidity above the level
The coin played out the scenario very cleanly and took a large amount of liquidity beyond the higher-timeframe levels, and we executed this trade very well
The coin is being pumped, and two upper liquidity levels have formed. If the coin forms consolidation right now, it may move up to take the upper liquidity