CElR Falling Wedge Entry Points First target + 30-60% Merged 20X
Updated
Descending wedge. The coin is now in a downtrend. Coin from the maximum price is merged more than 20 times! There were no significant kickbacks. Therefore, + 30-60% when breaking through the line of a local downtrend - these are only the first target for working out the pattern itself - a downward wedge. The potential profit in such a “dead faith” coin is huge! Scam is being traded on Binance. This is a very good sign.
Also on the chart, I showed different entry points depending on the reaction of the price to resistance / support levels:
1) Entry during a breakthrough or rollback after a breakthrough of a downtrend line (wedge resistance).
If you use Stop Loss - under the resistance line, if the price is above it. Also take into account the volatility of the coin, so as not to drop out at the beginning of growth.
2) Entry into the market when support for a downward wedge is confirmed. This is provided if the price now does not overcome the resistance of the wedge and begins to fall.
Stop Loss under the support line. Also consider coin volatility.
Also on the chart, I showed different entry points depending on the reaction of the price to resistance / support levels:
1) Entry during a breakthrough or rollback after a breakthrough of a downtrend line (wedge resistance).
If you use Stop Loss - under the resistance line, if the price is above it. Also take into account the volatility of the coin, so as not to drop out at the beginning of growth.
2) Entry into the market when support for a downward wedge is confirmed. This is provided if the price now does not overcome the resistance of the wedge and begins to fall.
Stop Loss under the support line. Also consider coin volatility.
Note
Trade closed: target reached
Trade active
Trade closed: target reached
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