Strax falling wedge, potential bullish breakout
Updated
Strax is forming a falling wedge pattern i.e. market makes lower lows and lower highs. This trend indicates that the downward trend is losing strength and the uptrend is about to be formed.
Potential entry: Now (1.65)
Second potential entry: When the trend crosses upper resistance
Stop Loss: 1.55
Potential Target: 2.55
Potential entry: Now (1.65)
Second potential entry: When the trend crosses upper resistance
Stop Loss: 1.55
Potential Target: 2.55
Comment
Strax stopped out, yet I am still very bullish on Strax. Now, we can watch 1.75 resistance level, if it breaks out, we can buy it after the re-test.Comment
Re-entered after it breaks 1.75 resistance level, might take early profits given there will be XRP's SEC case on MondayDisclaimer
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