STGUSD ✅ Wait for Confirmations!

Updated

We have a perfect descending triangle that has been playing out for a while now. I think 2 things could happen:

It breaks out from the triangle and then we wait for the retest to confirm pattern to go long.
Target supply zone: 1 - 1.10
It breaks downward till the next demand zone which is quite lower!

Target demand zone in between: 0.40 to 0.43

So for each scenario if you wait for the right confirmations you can get a pretty awesome reward. I'd suggest to spot rather than futures.

I'll update as I see points of interest following this concept.
Regads,
Kina ✅

Trade active

Re-tested support once more right after the breakout of the trendline. We can expect now the continuation to the upside but closest target could be 0.72 as it's a point of interest per highest volume profile traded on it. I'll update as this plays out.

Note

Stuck in a range for a while with no clear direction but support hasn't been broken instead it bounce twice from it what we could define as a probable bottom for the next upside move.

Note

OOh it's moving!!! if price breaks through the 0.72 level, this goes BOOM!! ♥

Trade closed: target reached

Scenario 2 played out istead and target demand zone HIT
Between 0.40 to 0.43 to go long.

KinaStar

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