Short
Stratis Short [20% Profit], Triple Bottom Forming
Hi, triple bottom here,
2 solutions :
1/ Wait that it breakouts the rectangle, you will have less profit but it's safe
2/ Buy now, since Stratis found a good support level
Since i think the price is pretty stable, i would put a 5% stop loss for a 20 % profit for the solution 2
So the risk/profit ratio is 4/1. Pretty good to take.
2 solutions :
1/ Wait that it breakouts the rectangle, you will have less profit but it's safe
2/ Buy now, since Stratis found a good support level
Since i think the price is pretty stable, i would put a 5% stop loss for a 20 % profit for the solution 2
So the risk/profit ratio is 4/1. Pretty good to take.
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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.