The trend line is serving as a support level with a pin bar acting as a signal/trigger on the H1 time frame.
I am looking at a double top formation close to a trend line.
This is just a scalp sell. Hence am just looking for 1:1.5 or 1:2
The trend line is holding and it is most likely going to the upside.
BINANCE:VETUSDTPERP AM seeing an area of high confluence, if you are a futures trader you should consider going for a long position.
We notice that the support level was not broken other wise we would have all abandoned this coin as it would have headed for 0.0035. so possible breakout above the trend line is what we are expecting. The various levels above are fibo levels with the (0.005170)161.8 fib extension level.
Let's see how NODE reacts to this trend line