Long
Cup and Handle formation on ABY
A cup and handle formed on the 4 hour chart, Price is testing resistance and may try to breakout from the handle. Stoch RSI is curling up, that's a bullish sign, MACD and RSI are neutral. Price might follow the red curve (breaking out now) or the orange one (testing one more time support and then breaking out). Either play it safe and wait for breakout to buy or play it a bit risky : buy some of your position now, add more if it breaks out or accumulate on support if it goes all the down. I'm aiming at 40% profits at least ! I'd start consider selling when price goes above 300 sats.
Note
Looks like we're breaking out from that handle, I'm waiting for this 4 hour candle to close to confirm !Trade closed: target reached
We got way more than 40% profits since the entry (maximum at 70%), I hope you enjoyed the ride !
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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.