SpartaBTC

PPT / BTC Falling Wedge. Reversal zones. Work on a coin.

BINANCE:PPTBTC   Populous / Bitcoin
After a local maximum, a local downtrend has formed. This trend has formed a downward wedge on the coin.

ENTRANCE
1) on the breakthrough of the line of resistance of the wedge .
2) on confirmation of support for a local minimum if the price reaches there. You also need to understand that if support is confirmed, lateral movement may occur that can form an accumulation channel of 30-40%.

Stop loss
Under key support levels during your entry into the market.
Do not forget to move Stop Loss during the price increase, but take into account the volatility of the coin.

TARGET.
On the chart, I showed the first potential movement when trading in a local trend. The embodiment of all other goals depends on how the price responds to this zone. Potentially, a pattern can become a reversal pattern of a local trend and then the main trend. The capitalization of the coin is not big, therefore a lot of manipulation and potential to pump up hundreds of percent.

Former trading ideas on this coin:

PPT Symmetrical Triangle. The first goal is 33%. Merged into 164 X!
Profit over + 100%


PPT formed a symmetrical triangle. Target + 100%
Profit over + 65%

Jan 18
Comment: +26%
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