WHYUSDT Descending TriangleHey traders!
4-hour timeframe: Price action consolidating within a descending triangle formation. A short trade opportunity presents itself as price approaches the upper resistance of the pattern, targeting the lower support range. Potential downside: approximately 14%.
Happy trading
WHYUSDT trade ideas
WHY - Long - Re-entry - (4-hour timeframe)*This is a re-entry of my other idea. The support is holding up pretty well and I decided to enter again. This trade is quite risky so you should not use too much capital. I even think about closing at target 1 if I see a lot of resistance.
Now we do have a better opportunity to enter (see related publications). We are in a good place to resume and make a reentry of the previous trade.
T1: 0.0000001800
T2: 0.0000001950
T3: 0.0000002100
WHY - Long - Re-entry - (2-hour or 4-hour timeframe)We are in a good place to resume and make a reentry of the previous trade (see related publications). This one is somewhat shorter because it is also riskier. We will close it when the 2-hour or 4-hour timeframe gives us an exit pattern tomorrow.
Target: 0.0000001850 (close - 1 day)
WHY swing trading, accumulation to explode or fall sharply.Upon joining Binance Futures, there was an artificial drop due to the normal mass selling. Now that some time has passed, it is going to recover. It's a high-risk trade but with great reward. If it breaks the trendline, it could drop significantly, which is why the stop loss must be strict. It could even go up much more up to the FVG at 0.00000028 - 0.00000030, so the stop should be gradually raised as it goes up with the 4-hour or daily candles, just below each one.