BINANCE:SNXUSDT - Watch out for rising wedge------------------------------------------------------------------------------------------
Description
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+ A clear rising wedge pattern formed in SNX
+ Current price is at the resistance level trying to breakout the resistance, which is less likely to happen
+ Our entry plan is around 3.8 when price breaks down the support line.
+ We can expect the reversal of the price in next 2days.
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Signal
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VectorAlgo Trade Details
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Entry Price: 3.8
Stop Loss: 4.149
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Targets 1: 3.776
Targets 2: 3.555
Targets 3: 3.285
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Timeframe:
Capital: 1-2% of trading capital
Leverage: 5-10x
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Note: This is a short trade in the bull market, so it's a high risk trade.
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