After the pulse, a symmetrical triangle formed above the accumulation channel. The figure of uncertainty. But it is important that at the moment the price over the accumulation channel and the volatility is clamped into the corner of the triangle. Soon there will be a denouement of the situation.
TARGET: 1) The first goal in the event of a breakthrough of the triangle up to a local maximum of + 25%. 2) The second goal and the full development of the figure + 50%. 3) Further on the situation, as a breakdown of resistance will take place and consolidation above it. If this happens, then a full-fledged pump starts at hundreds of percent. I showed all the TARGET in this trading idea:
EDUCATION How is pumping coins done. Example of working on an ENJ +90-600%
Entrance is only on a breakthrough or rollback after a breakthrough. It depends on your trading strategy and manner of work.
Stop loss Under key support levels during your entry into the market. Do not forget to move Stop Loss during the price increase, but take into account the volatility of the coin.
If the triangle breakthrough is confirmed and the pump starts, work on a similar principle as I described in the training idea using the MATIC coin as an example and used it to shoot a video on my youtube channel. I will not repeat.
The educational idea of working on such coins using the MATIC coin as an example: EDUCATION Pyramiding online on a coin for pumping. Matic. Smart trading.
Note
There is a breakthrough of the triangle and a fixation above the resistance line of the triangle, A full-time bullish candle marubose formed on the daily timeframe, which in most cases precedes growth.
Note
The price of the coin made a false breakdown of the triangle and then returned back to the canvas of the triangle. You need to watch how the triangle support reacts.
Note
ENJ / BTC Break through support. Work in the channel 40% Trading inside the channel from pivot points (zones) that act as support / resistance levels. At the entrance, use an adequate Stop Loss value, but also take into account the volatility of the trading instrument.
Note
+80%
Trade closed: target reached
From the breakthrough of the accumulation channel, the profit is about + 180%. And if the trade was in an uptrend + 60% + 60% + 68% + 90% + 33%, the trend continues. Congratulations to all with a decent profit.
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.