FieryTrading

🔥 ARDR Bullish Triangle Bounce Idea

Long
BINANCE:ARDRUSDT   Ardor / TetherUS
ARDR has formed a nice bullish triangle on the H1 chart. Recently it has broken out from the bullish triangle, but it appears that the break-out had too little volume to be of any significance.

This trade is based on the idea that the former resistance of the triangle (now support) will function as a catalyst for a new bullish run for this asset. This trade is valid once ARDR starts declining and hits the entry line.

On the chart I’ve marked two potential areas of support/resistance , R1 and R2. These areas are based on recent swing highs/lows and round numbers. Do your own due diligence.

Happy trading!
Trade closed manually: Closed at +3.3%. Don't trust the markets at the moment.

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