Everything need to know is on the chart
- Ascending triangle (in btc, these tend to break upwards)
- Key support and resistance levels are highlighted by volume profile nodes & support and resistance areas
Hypothesis:
Price to range within the established ascending triangle channel throughout the weekend. Expecting low volatility, once the CME gap open is out the way, then should start to see price increase. Expecting this move to contain above average volume, volatility, and volume moving average to act as support.
For a trade of such short duration, it offers good R:R
- Ascending triangle (in btc, these tend to break upwards)
- Key support and resistance levels are highlighted by volume profile nodes & support and resistance areas
Hypothesis:
Price to range within the established ascending triangle channel throughout the weekend. Expecting low volatility, once the CME gap open is out the way, then should start to see price increase. Expecting this move to contain above average volume, volatility, and volume moving average to act as support.
For a trade of such short duration, it offers good R:R
Trade closed: stop reached