SRMUSDT descending wedge bullish reversal in the making?
Updated
Past 5 days have presented bullish price action with a potential HL printed inside the wedge. Price currently pressing up against wedge resistance trend line.
With overall market showing signs of going higher, a breakout here is likely imminent.
With overall market showing signs of going higher, a breakout here is likely imminent.
Trade active
Initial position is live as I think this will break soon (I could be wrong). To scale in more after breakout confirmation and if a setup presents itself.Note
first target on sight...Trade closed: target reached
First target reached for partial TP. Closed the rest manually (in slight profit) as market lost the momentum w/ an endless pullback.
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.