Curve DAO Token is trying to break this triangle📐 up and if it will make it I think there is chance for run to 1.755 and even higher. Let's see whether the white local uptrendline is going to boost the price. Setting BUY STOP-LIMIT order to last swing high to catch the breakout.
ENTRY: local high @ 1.474
STOPLOSS (SL): local low @ 1.335
TARGET (TP): height of the triangle projected from midpoint of the previous range (PREVIOUS RANGE HIGH - STOPLOSS) @ 1.755
REWARD RISK RATIO (RRR): 2
INVALIDATION: when SL level hit
See below my previous CRV triangle breakout setup and how the TP2 actually was the top:
Check my other stuff in related ideas.
Please like👍, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Keep it up! After the latest asset movements, this scenario is more appropriate than ever. I wonder if you use leading indicators to confirm your ideas?