ABNB High risk High reward This is going to be a little bit more of a tricky trade, but it does look to be making a symmetrical triangle here within a uptrend channel.
Currently, we are holding $136 as the support and we have a resistance 138.68
If we can clear the 139 area and hold it as support, our first resistance is one 14340 and if we can clear the actual uptrending channel resistance, we can see as high as 145
Moving averages are getting very tight on the daily timeframe, which means a big move is coming. It’s hard to pick the direction.
However, the support of the symmetrical triangle continues to get tested and the bulls keep popping it back up. If we do lose the support of the symmetrical triangle, then we could see as low as 133.80 and 130$
I am taking the risk and I am going wrong here looking for a push upwards if we do lose 136 and hold as resistance then this trade will be wrong and I will have to take the loss
We have until the 11th to decide direction so this is very tight
