Long
Trig - Descending Triangle
Inside Descending Triangle, possible breakout.
Volume decreased compared to the initial pump, has to catch up for a outbreak.
Wait till triangle is broken or get in early (higher risk, higher reward) and place stop loss below trendline.
- RSI oversold for lower timeframes up to 1h
- MACD still pointing upwards for 4H
Volume decreased compared to the initial pump, has to catch up for a outbreak.
Wait till triangle is broken or get in early (higher risk, higher reward) and place stop loss below trendline.
Note
Sry guys, i wanted to write ascending triangle, my fault.Order cancelled
Broke through support, TA invalid
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Disclaimer
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.