ENJBTC pair had a double bottom inside a falling wedge pattern. We have 2 possible entry. On the confirmation of the breakout and on the support zone. If you will enter on the breakout you will have a high SL of 6.7% that makes it quite risky compare to the support with a tight Sl of 2%. MACD showing sign of exhaustion from sellers. CCI and RSI both have divergence.
Note: In trading there's no guarantee that you will gain or loss but with proper knowledge you can trade in the market with the highest probability. Always manage your SL and trade safely.
Note: In trading there's no guarantee that you will gain or loss but with proper knowledge you can trade in the market with the highest probability. Always manage your SL and trade safely.
Comment:
Entered on Breakout confirmation and gaining 5.2%. Adjusting my SL to take advantage of the current gains.