ALGOUSDT: Falling Wedge - Getting Ready for breakout
已更新
Falling wedge is bullish pattern (reversal pattern) formed by two converging bearish lines.
As you can see in the chart,
ALGOUSDT has formed a clear falling wedge patter.
If the breakout is confirmed, we can enter the trade around 0.173
After the breakout we can expect a minor correct, however breakout entry should be good and position can be average to get better entry price if the correction happens.
EntryPrice: 0.1734 (after breakout) - 0.165 (for averaging the entry)
Stoploss: 0.1490
TP1: 0.1894
TP2: 0.2040
TP3: 0.2253
TP4: 0.2531
Don't forget to keep stoploss.
Like and follow us for more interesting ideas.
Cheers
GreenCrypto
As you can see in the chart,
ALGOUSDT has formed a clear falling wedge patter. If the breakout is confirmed, we can enter the trade around 0.173
After the breakout we can expect a minor correct, however breakout entry should be good and position can be average to get better entry price if the correction happens.
EntryPrice: 0.1734 (after breakout) - 0.165 (for averaging the entry)
Stoploss: 0.1490
TP1: 0.1894
TP2: 0.2040
TP3: 0.2253
TP4: 0.2531
Don't forget to keep stoploss.
Like and follow us for more interesting ideas.
Cheers
GreenCrypto
注释
Yet to reach out entry price注释
Close to our entry price注释
All Targets reached.交易结束：到达目标
Target reached
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