Rising Wedge

Hello, we are potentially trading in a rising wedge.

Im bearish on crypto fundamentally tho, so i advice to be careful and not spend more then u can afford to loose.

A drop which invalidates my triangle can happen basically anytime.

DYOR

Note

we could test support again which would be a good entry with close stop loss for best risk/reward ratio

Note

im only entering at another supp test for close stop loss and good risk/reward. wont run after price here, too risky

Note

stop loss is key here as the downside could be 85% or more

Trade active

entry reached, im putting stop loss under this low (super tight stop loss)

Note

personaly not confident in longing btc but its a good Risk/reward trade so ill take it.

Trade closed: stop reached

Symbio_X

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.