Despite 
BIGTIMEUSDT.P facing significant selling pressure in recent months, I remain bullish, convinced that this is not the peak but merely a steppingstone to greater heights.
From a technical standpoint, we're solidly positioned at a critical support level, offering a prime opportunity for a long trade with substantial risk mitigation.
Additionally, we're currently navigating through a bearish channel with a downward trend, and an incomplete falling wedge pattern.
Though we continue to observe lower lows and lower highs, a breakout from this pattern could potentially trigger explosive rallies.
Personally, I opened a long with only 2x Leverage with the following details.
Goodluck,
BIGTIMEUSDT.P facing significant selling pressure in recent months, I remain bullish, convinced that this is not the peak but merely a steppingstone to greater heights.From a technical standpoint, we're solidly positioned at a critical support level, offering a prime opportunity for a long trade with substantial risk mitigation.
Additionally, we're currently navigating through a bearish channel with a downward trend, and an incomplete falling wedge pattern.
Though we continue to observe lower lows and lower highs, a breakout from this pattern could potentially trigger explosive rallies.
Personally, I opened a long with only 2x Leverage with the following details.
- Entry price: 0.1965
- Stop: 0.0940 I'll cut lose if we close a daily candle completely below 0.133.
- Short term target: 0.3264
- Mid-term targets: 0.4442
- Long term targets: 0.5326, 0.6242, 0.7616, 0.9253, 1.1916
- Final setup target: 1.3870
Goodluck,
Note
Everything is working according to plan.
Moved my SL to Breakeven and still expecting more.
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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.