so a descending triangle has been formed, if price breaks above it, it would be great opportunity to open a long position,
the entry point and TP&SL are pointed out in the chart
The strategy behind opening any position is to make sure your win/loss ration is 3/1 i.e TP should be 10% and your stop loss 3%
I suggest you do the same, so if you do 10 trades you only need 3 of them to be successful to gain a profit on your whole trades
the entry point and TP&SL are pointed out in the chart
The strategy behind opening any position is to make sure your win/loss ration is 3/1 i.e TP should be 10% and your stop loss 3%
I suggest you do the same, so if you do 10 trades you only need 3 of them to be successful to gain a profit on your whole trades
Comment:
So price just broke the bottom line of the triangle if we see a pullback to the broken line there is a possible opportunity to a open short position on AXS/USDT