NEBLBTC looks like it will breakout from the red triangle. If you see the chart, we have MACD, and RSI pointing upwards, and MACD might also cross the zero line.
We have the red triangle to breakout first. Consider the red horizontal lines as the targets for now. They are the resistance based on the historical price levels. Also, consider the Blue triangle as a resistance zone as well.
If we break the support of the triangle, then this trade will be invalid. Do set your stop loss.
Get your entries at a good price. Use your lesson notes. Sorry I was short on this post, as I have been busy since last few days. But, from next post onwards I will be explaining the chart in detail. :)
Happy Trading!
Trade closed: stop reached
Failed the breakout. We will wait for another opportunity probably around 139
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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.