CTSIUSDT trade ideas
CTSI Ascending Triangle*CTSI is forming ascending triangle
*testing previous high level at $0.30
*small cup&handle as well
*as well as above moving averages, price will push until triangle formation near $0.45
Please read this first !
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Regards
CSTIUSDT 4H long setup; W-formation patternTA Explained
After a strong impulsive move CTSI pulled back and formed a support area. It dropped below it twice but regained it now again. Price action is forming a W-formation now. Consolidation at the neckline would increase the trade probability.
Trade setup
Best entries: 0.18439 - 0.20996
TP1: 0.26322
TP2: 0.34242
TP3: 0.41718
SL: 0.15344
RR: 5.09
Max leverage: 1x
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Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)