As you can see in the chart, BIGTIME had significant correction (-67%) and it hit it's support line at around 0.3 multiple times.
With such a large correction -67%, we can expect some bounce back to recover the price.
As it is currently consolidating around the support line, it can take few days to bounce back.
We can enter a new trade once we have clear bounce back and breakout from the triangle.
Entry price: After clear breakout
Stop Loss: 0.26
TP-1: 0.4
TP-2: 0.48
TP-3: 0.52
TP-4: 0.67
TP-5: 0.80
Note We will share the confirmation once the breakout happens.
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GreenCrypto
With such a large correction -67%, we can expect some bounce back to recover the price.
As it is currently consolidating around the support line, it can take few days to bounce back.
We can enter a new trade once we have clear bounce back and breakout from the triangle.
Entry price: After clear breakout
Stop Loss: 0.26
TP-1: 0.4
TP-2: 0.48
TP-3: 0.52
TP-4: 0.67
TP-5: 0.80
Note We will share the confirmation once the breakout happens.
Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts.
Cheers!
GreenCrypto
Comment:
Price is reversing nicely
Trade active:
TP1 reached
Trade active:
Target 3 reached.
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📚 Docs: docs.greencrypto.net