Ambrosus (AMB) - Breakout! New 60-day High!

Ambrosus (AMB) - Breakout! New 60-day High!
Ambrosus / Bitcoin BINANCE:AMBBTC
coinselor

Another day, another alt with a new high. In this case, Ambrosus's ascending triangle was confirmed with a breakout. Unfortunately, I was too late to spot this trade. Price is slightly too extended for my liking.

Ideally, I would employ a trend-following strategy by buying strength after a breakout (new highs) but given the risk-reward ratio offered by this trade, I'll trying to catch a lower time frame retracement and improve my R:R that way.