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VectorAlgo
Feb 2, 2024 8:52 PM

BINANCE:CRV/USDT - Descending Triangle Breakout Short

CRV / TetherUSBinance

Description

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Description
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+ A nice clean triangle formed for CRV and it's about to be broken
+ With the descending triangle we can expect the bearish trend to continue
+ CRV will continue to fall and i don't see any reversal happening anytime soon.
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VectorAlgo Trade Details
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Entry Price: 0.4398
Stop Loss: 0.4731
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Targets 1: 0.4234
Targets 2: 0.4072
Targets 3:0.3829
Targets 4: 0.3516
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Timeframe:
Capital: 1-2% of trading capital
Leverage: 5-10x
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Note: Don't forget to keep the stop-loss.
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Agree or Disagree with the ideas ? lets discuss in the comments.
Like and follow us for more ideas.

Regards
VectorAlgo

Order cancelled

Our Entry price is not met. Trade cancelled
Comments
danbut
Well your sl hit
paleb1ue
CRV is bottoming out. CRV/BTC having multi day bullish divergence, CRV.D double bottom, You may reach your tp1 before take off but other targets are unrealistic before a serious correction to the upside. Simply doesn’t worth the risk to short this.
harchenko93
Look at the dominance of Bitcoin and alt bitcoin pairs, we are on the threshold of the alt season, what kind of fall are we talking about)
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