Long
ZIL/BTC Long on the retest
Quick post on the ZIL/BTC pair today. Taking a long position on the retest of the bull pennant.
Entry - 623 sat
Stop - 608 sat
Target - 668 sat
R/R - 2.75
~Chloster
Entry - 623 sat
Stop - 608 sat
Target - 668 sat
R/R - 2.75
~Chloster
Trade closed: stop reached
*UPDATE- Quick breakdown of the pennant
- Market structure was very bearish which drove the pair down
- Multiple retests of the pennant support keeping the pair lower
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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.