STG to drop hard

Updated
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Stargate Finance broke down this triangle📐 and I think there is chance for drop to 0.21 which would mean -40% loss of value. Setting SELL LIMIT order to previous range low to catch🎣 the pullback.
  • ENTRY: local low @ 0.3532
  • STOPLOSS (SL): local high @ 0.3769
  • TARGET: height of the triangle projected from midpoint of the local range (SELL LIMIT - SL) @ 0.21
  • REWARD RISK RATIO (RRR): 6
  • INVALIDATION: when STOPLOSS level hit


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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Trade active
Order filled ✔️
Trade closed: stop reached
Stoploss hit 🛑
Maybe breaking to the other side (upside) or may just get broader triangle before downside breakout.
Chart PatternscryptostargatestargatefinanceSTGSTGBTCSTGBUSDSTGUSDSTGUSDCSTGUSDTTrend Analysis

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