🌧️ Beware of SC's Ascending Wedge
Updated
SC appears to be in an ascending wedge right now, which usually means there's high downside risk once it breaks out from the bottom of the wedge. However, it still appears too early for SC to dip, meaning there's still a profit to be made by buying the bottom of the wedge and selling near the top. Don't get too greedy or you might be caught by the retracement. A trailing stop loss is advised.
Note
SC forms a bullish channel after breaking out to the upside, possible take profit level around $0.336.Trade closed: target reached
Take profit on the top of the ascending wedge.Note
Large false breakout of the ascending wedge. Too risky to trade this coin now. Wait for a clearer price signal.Note
SC broke out on the downside of the ascending wedge (:
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