💪 CLV accumulation/Ascending Triangle
!! BE EXTRA CAREFUL WITH NEW LISTINGS THEY TEND TO DO WEIRD THINGS !!
Clover.Finance is a fairly new listing on Binance. My 1-minute long research says it's a multi-chain wallet with some defi features.
The price formed an ascending triangle and is now getting rejected from key level (1.436) It may take weeks or months until we see some big moves here, so treat it as a potential long-term trade.
Entry: 1.37 (current price) -- down to 1.25 (or as long as the bottom trendline holds)
TP1: 1.436
TP2: 1.570
TP3: 1.620
TP4: 1.791
TP5: 2.018 (~54%)
TP6: OPEN++
Suggested SL:
1.174 (~10%) -- half of position size
and then rest
manual sell if needed
All given values are approximate.
Remember about risk management, especially that BTC has been quite volatile lately.
Clover.Finance is a fairly new listing on Binance. My 1-minute long research says it's a multi-chain wallet with some defi features.
The price formed an ascending triangle and is now getting rejected from key level (1.436) It may take weeks or months until we see some big moves here, so treat it as a potential long-term trade.
Entry: 1.37 (current price) -- down to 1.25 (or as long as the bottom trendline holds)
TP1: 1.436
TP2: 1.570
TP3: 1.620
TP4: 1.791
TP5: 2.018 (~54%)
TP6: OPEN++
Suggested SL:
1.174 (~10%) -- half of position size
and then rest
manual sell if needed
All given values are approximate.
Remember about risk management, especially that BTC has been quite volatile lately.
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