15min Chart Currently in a descending parallel channel and touching the upper part of the channel, which it's also a previous resistance level.
Trading strategy: 1. Buy if a candle close above the channel 2. Wait for a retracement inside the parallel channel and buy when the lower line is hit.
Trade active
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Trade active for 1. case (targets & stop on the snapshot)
Trade active
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Target 1 Reached: 5.5%
Trade closed manually
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Just target 1 reached. Closed at this level.
It broke the descending channel, but failed to form a triangle/flag fomation after the price increase. Let's give it some time for consolidation.
Update soon!
Trade active
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NAVBTC Update
NAV touched the bottom side of the current price channel. It's a good trade with low risk, if we consider the price will continue to move inside this channel. Let's see how it will develop.