moon333

Pundi X[new] broke out the triangle a good long opportunity

Long
BINANCE:PUNDIXUSDT   PUNDIX / TetherUS
Dear friends, the Pundi X has broken out the triangle on 4-hour chart, as the price action has re-tested the resistance of triangle as support and confirmed the breakout.

Sell targets:
The technical sell target as per the symmetrical triangle for this trade is $2.

Stop loss:
Stop loss is $1.60 as it is the recent swing low before the breakout.


Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade


Comments

Aaaaand it has broken down, any chance to go back to 9 USD levels any time in the future???
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