sbenkirane
Long

BCHSV ST Long

General pattern: Ascending triangle
Reason for long: Bounce from support (to the resistance of general pattern).

Chart details:
Red rays: resistances
Yellow rays; play as both support and resistance
Green: support

To be safe, I'd set two targets.
Target 1: 0.022785
Target 2: 0.023854
Stop-loss: 0.020663

Do your own research, and only use my analysis as support to yours.
Nov 18
Comment: The first target has been hit.

(Btw, this is my first post on trading view, I'll work on making it more clear – removing the indicators that are unnecessary: RSI and MACD in this case).
Nov 18
Comment: Stop loss has been hit. The first resistance (around target 1) was too strong to break. Numerous attempts, but lots of rejection. There was a big unexpected dump that happened in a matter of seconds.

Comments

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