As the pattern outlined on the chart, I assume the ascending wedge signals the potential to reverse to the target price of around 62k. However, it's not the end of the world. I would rather see it as an opportunity to re-enter the long position.
Keep an eye on the altcoins of your choice.
They would show strong movement over the second-half bull run.
As the prices for BTC/ETH go higher, the profit we can yield from the price we re-enter is limited. At this point, I will switch to altcoins for high ROIs.
Keep an eye on the altcoins of your choice.
They would show strong movement over the second-half bull run.
As the prices for BTC/ETH go higher, the profit we can yield from the price we re-enter is limited. At this point, I will switch to altcoins for high ROIs.
Trade active:
The market sell-off is causing tension, but it's best to wait and see how the next daily candles play out before re-entering.
Trade closed: target reached:
The bull is forming the inverse H & S pattern, which indicates a potential entry point.
Good luck with trading.
Good luck with trading.