JASMYUSDT.P Descending Channel Breakout
JASMY is following a descending channel on multiple smaller timeframes, 10min, 15min. etc. At the close of the first candle above the top trend line we entered our long trade and placed a tight stop below the wick of the previous breakout candle. Take profit is calculated by taking the length of our channel and placing it at our entry price or experiment with placing it at the start of the channel. Stop loss is adjusted as price rises to lock in gains.