Assuming this is the completion of an a-b-c-d-e bearish triangle, then we're ready to dump down to 12 cents for KNC in an impulsive way!
Feel sorry for the hodlers, lets short it.
Be careful while the price is inside the triangle, and add to your position when we see a BO (breakout).
Ideal stoploss is anything above the triangle, so manage your position size accordingly.
With much love, MA.
Feel sorry for the hodlers, lets short it.
Be careful while the price is inside the triangle, and add to your position when we see a BO (breakout).
Ideal stoploss is anything above the triangle, so manage your position size accordingly.
With much love, MA.
Trade active
First test entry, we're placing the stop loss above the daily EMA. I am sure there will be a reaction at the bottom trendline of the triangle.
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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.