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Stratis breaking its downtrend

By BTCBanker1
Updated
BITTREX:STRATBTC is breaking out of its extended downtrend. It could run immediately, however it is too extended at this point for me to buy in right now.
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Stratis consolidating in a triangle pattern after the breakout on the daily time frame. Now would be a good entry point if you want a position, set the stop loss for a breakdown out of the triangle. I am going to take half a position now and the other half on a breakout of the triangle.

snapshot

Disclosure: I am taking a position in STRAT/BTC now.
Bitcoin (Cryptocurrency)breakoutBTCChart PatternsSTRATBTCstratistradingtradingviewTrend AnalysisTrend Lines
BTCBanker1
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