BINANCE:MODBTC has been forming a FALLING/DESCENDING WEDGE for more than a month now. 44 DAYS since this writing to be exact AND IS CURRENTLY SITTING AT PREVIOUS SUPPORT!
Know let me explain the meaning of this pattern is, do not let the name fool you
A DESCENDING or FALLING WEDGE is a BULLISH PATTERN indicating the end of a BEARISH PATTERN, and the beginning of a new pattern
for this set up I will buy around 840 sats and I will set a stop loss about 10 % below that ( better safe than sorry)
also I will set up sell orders at around 1700 sats for 50 %, at 1900 sats for 25 %, and at 2500 sats for the remaining 25 %, just in case it decides to sky rocket up and I'm sleeping
TRADE SAFE AND THIS IS MY SET UP NOT FINANCIAL ADVICE DO YOUR OWN RESEARCH
Know let me explain the meaning of this pattern is, do not let the name fool you
A DESCENDING or FALLING WEDGE is a BULLISH PATTERN indicating the end of a BEARISH PATTERN, and the beginning of a new pattern
for this set up I will buy around 840 sats and I will set a stop loss about 10 % below that ( better safe than sorry)
also I will set up sell orders at around 1700 sats for 50 %, at 1900 sats for 25 %, and at 2500 sats for the remaining 25 %, just in case it decides to sky rocket up and I'm sleeping
TRADE SAFE AND THIS IS MY SET UP NOT FINANCIAL ADVICE DO YOUR OWN RESEARCH
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after going 50% up (hope you took profits) and then going down seems like its been moving sideways, but after doing some new charting we can see the yellow line acting as resistance but I don't think for long I will use the profits I took to buy a bit more but always using a stop loss in mind
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Accumulating
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been moving sideways for some days and is sitting at support
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here is an updated chart and looking at the big picture we have a nice descending wedge its getting closer to the apex be patient