Ven, the setup to look for...
Updated
For trading purposes I would wait for the .00035 levels on this to make an entry or for some consolidation on the hourly time frame. I wouldnt buy up here even though I am aware it could go alot higher.
These rising wedges as drawn in by the black lines usually play for amazing breakouts.
It even gave the trader some time and a pull back close to the breakout price to enter. These are the types of setups to look for and possible add a small position while setup is forming and then add big on the breakout or sell the break down. I dont like to chase these but if we get close to testing the breaout area we could have a good entry.
BINANCE:VENBTC
These rising wedges as drawn in by the black lines usually play for amazing breakouts.
It even gave the trader some time and a pull back close to the breakout price to enter. These are the types of setups to look for and possible add a small position while setup is forming and then add big on the breakout or sell the break down. I dont like to chase these but if we get close to testing the breaout area we could have a good entry.
BINANCE:VENBTC
Note
We just had a bear break on the hourly. Wants to consolidate.Note
4hr inside bar. Look for that to break to confirm direction.Note
Looking strong. Very strong.Note
We are in the buy zone I stated when posting this. I am not in this trade. Just wanted to update.
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