In the NOT transaction dated July 5, today we were knocked out to breakeven, the price is marking time at the entry point.#NOTis among the altcoins that currently have a four-hour time frame, like#BTCand #ETH, which also has a long signal from the trend reversal indicator. On the active side in July, he misfired twice on this TF. And on the daytime TF, after the signal on July 29-30, a turning point was obtained.
BUT, as we wrote the other day, exiting with a stop on a used one in this trade does not mean breaking the setup and we are looking for an opportunity to re-enter. The correction in local wave C continues. But it does not break the global structure.
So far we have placed a limit order for $0.01025. Between the volume levels of $0.01040 and $0.00957, above the psychological levels of $0.01000. In case of a reversal in the current reversal candle. If the current four-hour candle does not reach this level, we will probably open a trade with our hands, which we will also write about. But the transaction will be with a stop. Because a breakdown of global trend support is annoying.
It’s a little disappointing to go out on a bet a month after opening a trade and after a paper profit of about +70%. But we are hunting for a larger profit on this asset and want to take all the movement in the global (on the scale of the young asset) fifth wave.
