Here I'm laying out the cup & handle bullish reversal pattern I believe is likely to play out. For now we need the breakout of the pattern to the upside a re-test and a bullish candlestick pattern as entry trigger.
So far, we've got the breakout of the consolidation channel but not that solid, still a breakout with consolidation increases the odds of the trade to play out. So we need that candle to be taken out, once that happens, that's our entry trigger for this idea.
I belive on TP based on the range the pattern took to create itself based on the newtonian principle. So projected price TP is below supply zone below 0.0000030 which is also a round number which adds extra confluence to this trade.
Manage risk accordingly and let's see how this plays out!
Stay tuned!
Kina ☕
So far, we've got the breakout of the consolidation channel but not that solid, still a breakout with consolidation increases the odds of the trade to play out. So we need that candle to be taken out, once that happens, that's our entry trigger for this idea.
I belive on TP based on the range the pattern took to create itself based on the newtonian principle. So projected price TP is below supply zone below 0.0000030 which is also a round number which adds extra confluence to this trade.
Manage risk accordingly and let's see how this plays out!
Stay tuned!
Kina ☕
Comment:
Well this entered onto a heavy ranging mode. But recently, MEME coins are taking over and coming back with fire so pay attention to PEPE, FLOKI, BONK, SAMO, GORILLA, SHIB, DOGE my fav memes coins
Trade closed: target reached:
PEPE not only reached targets but blew up!