Another bullish flag pattern, this time on EOS.
This pattern has high probability of reaching the profit target should a break above Point (B) occur.
Use STOP-LIMIT order to catch the move and place stops below Point (C) when in a position.
If price fails to break Point (B) and drops below Point (C), trade setup is invalidated.
This is my FAVORITE pattern to trade in a BULL trend.
Take note the supply zone shaded in blue. There will be selling pressure in this area so trail/manage stops to lock in profits.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
This pattern has high probability of reaching the profit target should a break above Point (B) occur.
Use STOP-LIMIT order to catch the move and place stops below Point (C) when in a position.
If price fails to break Point (B) and drops below Point (C), trade setup is invalidated.
This is my FAVORITE pattern to trade in a BULL trend.
Take note the supply zone shaded in blue. There will be selling pressure in this area so trail/manage stops to lock in profits.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Trade active:
Triggered the entry price. Interestingly, Bitcoin is trying to pump which would help this trade.
Trade closed: target reached:
BAM!
