ALPHA Long term channel play
BUY: 0.965 – 1.34
TARGETS:
1) 1.8415
2) 2.9432
STOP: 0.788 (triggered when a 1D candle closes below)
Rationale:
-Channel has been forming for over 100 days
-Price has just tested bottom of the channel and was quickly bought up, resulting in a wick
-The dip to the bottom of the channel lines up with a support zone
Your risk, your reward. This is not financial advice.
Happy trading.