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initmx
Jun 24, 2022 12:16 PM

manausdtperp rising wedges - 24.06.22 Short

MANAUSDT SPOTBybit

Description

entry triggers:

  • - wedges
  • - volume expansion
  • - bearish rsi
  • - breakdown
  • - 5 waves up


entry: 0.94 - 0.9170
sl: 0.9415
lev: 10x and below

  • tp 1: 0.9050
  • tp 2: 0.8970
  • tp 3: 0.8910
  • tp 4: 0.8850
  • tp 5: 0.8760
  • tp 6: 0.8650


Trade safe and due diligence is advised as always!

Triple resistance and pa in channels, with a wave count of 5 gives the notion that the market is due for a correction. Thus there might be a slight pump for the last sub-wave before changing the direction. Breaking the upper channel invalidates this setup, unless its a fake-out.

Trade closed manually

tp 1, 2 hit before the pump
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