Long

ONEUSDT Falling wedge

Updated

As you can see from the chart, the pair is forming a huge falling wedge with a +20% target.
We're near 2 major supports, You can buy from the first support and sell later (I'll put the targets once it breaks out)
OR You can buy the breakout (like what I'm going to do)
and the latest scenario would be breaking the next support and going for the next one (If it does so, I'll buy at that support)

Note

A classic fake breakout, our scenarios remain as they're.
Don't forget that this analysis is on the hourly time frame, fake breakouts happen frequently on this time frame

Note

I hope you did buy at this dip :) touched our support and now on it's way to MOON
SL : 1h Candle Close below 0.01937 (2.5% from 0.01981)
SL : 1h Candle Close below the red support trend line
Extremely good R:R ratio (Risk to reward) 2.5% risk : +20% reward
If you didn't buy yet, make sure to put some buy orders at the support :)

Note

Touched our 0.2101 <=> 0.2116 support, giving another chance to buy and now it's breaking out, a daily candle will confirm the break-out.
if the daily close is above the trend, buy market price with
SL : 1h Candle close below the trend
Forget the coin for a couple of days and you will find it mooning.
Congrats for everyone who bought at 0.01937 <==> 0.01981 support, already in 10% profit :)

Trade closed manually

The daily close was above the trend line, but it's looking bearish atm after getting rejected from the 0.02152 <=> 0.02170 resistance
So I'm closing my trade here, already 1% from the 0.2101 <=> 0.2116 support and 8% from 0.01937 <==> 0.01981 support
I'll keep an eye on it and post another analysis soon

herokero50

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