stantm23

ANKRUSDT - bullish flag formed towards to end

Long
stantm23 Updated   
BINANCE:ANKRUSDT   Ankr / TetherUS
www.tradingview.com/chart/nSeV9PgK/

Bullish flag formed towards the end of flag price action has to go somewhere after this squeeze. +30% increase expected to first resistance of 0.21643. Strong volume will confirm breakout. Low volume during consolidation is valid for the buildup.

This is my journal, not financial advice.
Trade active:
Small breakout from the apex. If price closes above blue line, expect a rally in sync with bitcoin consolidating. Other wise it could be a false breakout if price goes below and dip lower. Remain previous stop loss.
Trade closed: stop reached:
Bitcoin noise with whales coming into short the market scooping and liquidating longs for a midweek bargain came into play and hit my SL. Pattern went out of bottom triangle but came back into play afterwards. Might go long again

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.