PANCAKE-USDT
Greetings,
Price has been in a downtrend since May 2021, but nevertheless there have been 2 times a bounce from local lows of 100%, the last time in March from a price around $5. After that, a test of the past support zone, around $10, which has now become a resistance zone.
Possible entry points to go long: On a breakdown of the downtrend, or look for an entry point on a retest of support around $5 and the formation of a double bottom.
https://www.tradingview.com/x/DvCIrzUe/
Daily chart.
A rise and a correction that could be a flag band.
The targets when this pattern is worked out will be the length of the flagpole.
https://www.tradingview.com/x/uhym16L4/
If you liked this material, in that case, please like it and subscribe so you don't miss anything.
Always use STOP, and do not use a leverage higher than x3.
A trader must always have tomorrow.
Price has been in a downtrend since May 2021, but nevertheless there have been 2 times a bounce from local lows of 100%, the last time in March from a price around $5. After that, a test of the past support zone, around $10, which has now become a resistance zone.
Possible entry points to go long: On a breakdown of the downtrend, or look for an entry point on a retest of support around $5 and the formation of a double bottom.
https://www.tradingview.com/x/DvCIrzUe/
Daily chart.
A rise and a correction that could be a flag band.
The targets when this pattern is worked out will be the length of the flagpole.
https://www.tradingview.com/x/uhym16L4/
If you liked this material, in that case, please like it and subscribe so you don't miss anything.
Always use STOP, and do not use a leverage higher than x3.
A trader must always have tomorrow.
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