Updated
antusdt symmetrical triangle - 15.05.23
BTCUSDT.P $BYBIT:ANTUSDT.P BTCUSD.P symmetrical setups:
long the breakout, shot the breakdown
trades as provided
for a long:
breakout
retest
resistance flips support
for a short:
clear breakdown of the triangle
horizontal support flips resistance((retest)
start making lower lows
NB: short is highly unlikely(failsafe trade)
the chart is self explanatory, check out the related ideas link for a detailed explanation on how to trade symmetrical triangles.
Trade with due diligence.
Note
developed into an ascending triangle, waiting for the breakout/down before entry
Related publications
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.
Related publications
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.