ONEUSDT - is gonna break out this resistance?BYBIT:ONEUSDT
4H trend chart
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ONE had broken out this descending wedge but failed before.
It left a long upper shadow line which high is 0.29829(green horizontal ray)
Now, it broke through this wedge, and is going to take 0.29829 out.
If price can stand firm at 0.29829 w/o wicks top, trading strategy as below.
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Profit Targets:
a) 0.32501----blue horizontal ray
b) 0.38----Fib(1)
c) 0.44525~0.47163----Fib(1.272~1.382)
Stop losses:
a)0.27423-----Red horizontal ray
b)0.22731-----Red horizontal ray
Depend on the risk you can take.
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