A few days ago, we mentioned that 
TTD could have reached a great buying level around the $44 area. After a recent rally, we’re now seeing a typical bullish continuation pattern. If the flag breaks to the upside, you’ll have a new opportunity to join the upward move.
Once again, a tight stop loss (SL) of 3–4% gives you the potential for a 30% rally. It’s important to consider taking profits before the $100 level, where we see major resistance.
TTD could have reached a great buying level around the $44 area. After a recent rally, we’re now seeing a typical bullish continuation pattern. If the flag breaks to the upside, you’ll have a new opportunity to join the upward move.Once again, a tight stop loss (SL) of 3–4% gives you the potential for a 30% rally. It’s important to consider taking profits before the $100 level, where we see major resistance.
Trade closed: stop reached
After a 22% rally, unfavorable news has driven the price back to levels seen a few months ago. At times, the market can be unforgiving, erasing the gains from a pattern that had performed well. This is why two things are important:On the one hand, having a strategy with a favorable risk–reward ratio ensures that we can withstand as many setbacks as necessary. On the other hand, it is advisable to follow a profit-locking strategy, as I have explained in many of my ideas.
Fortunately, at the same time other ideas like BTCUSD, GROY or AROC worked nice.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.