Long
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
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.
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.