UBX/ETH Falling Wedge >90% Retrace Play
KUCOIN:UBXETH is Neutral-Bearish. Down over 90% from ATH, massive falling wedge formed with increasing RSI momentum. Solid area to buy, might not take off right away.
Buyers:
- 50% position @ horizontal/trendline support
- 50% position @ breakout/retest of upper trendline
Sellers:
- Can play the bounce up to next area of horizontal or trendline resistance
Not financial advice, DYOR
Buyers:
- 50% position @ horizontal/trendline support
- 50% position @ breakout/retest of upper trendline
Sellers:
- Can play the bounce up to next area of horizontal or trendline resistance
Not financial advice, DYOR
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