ONTBTC - Nearing breakout

Hello friends,

Its been a long time since I posted a chart. Been busy with the lessons. But lets get straight to the point.

Here we are looking at ONTBTC in a triangle being squeezed. We can see a breakout from this point if the 4H candle closes above the triangle. Set your entries respective to that.

RSI is pretty low, and DMI is pointing to the bullish direction as well. We might have a trade here. Look out for a breakout and plan your entries accordingly with a tight stop loss.

Keep in mind, the market is not stable yet, however it is starting to look better. We might see it climbing slowly back up soon this week.

Trade smartly people. I will update this trade as and when needed. Make sure to join the groups mentioned below in my signature.

Happy Trading!

注释

Below are some resistance levels for setting your targets on the way up, if it breaks out.

Remember, setting a stop loss is very very important, and I highly recommend it for this trade, since the market is still unstable.

注释

Also, if the breakout happens to the bottom of the triangle, this trade will be invalid, so better to wait for a breakout at the top of the triangle before making an entry right away. Do your own research every time before following anyone's signal blindly. Just a tip.

Happy Trading!

注释

BTC is messing up our trades. We shall wait for BTC to become stable.