Rndrusdt Double Breakout

Rndrusdt

Hello traders,

I would like to share with you a potential trading opportunity based on the technical analysis of the market. The descending channel breakout and retest have already been confirmed, which is a strong signal that the trend is reversing. Additionally, a bullish symmetrical triangle pattern has formed, indicating that the price is likely to break out to the upside.

If the breakout is successful, we can expect to see a 30-50% bullish move in the coming days. However, it is important to note that there is always a risk involved in trading, and it is essential to use proper risk management techniques and follow your trading plan.

As always, it is recommended to wait for confirmation before taking any positions. In this case, a confirmation would be a strong bullish candlestick closing above the triangle's upper trendline, indicating that the breakout is valid. On the other hand, a failure to break out could lead to a downside move, and traders should be prepared for both scenarios.

Overall, the descending channel breakout and the bullish symmetrical triangle pattern suggest that a potential bullish move is on the horizon. Keep an eye on this market and be prepared to take advantage of any trading opportunities that arise. Happy trading!

Please keep in mind that our ideas are based on our experience and knowledge, and may not be completely accurate as the market is always unpredictable and anything can happen at any time. It is essential to conduct your own research and use your own knowledge when trading. If you are happy with our work, join us

Comment:

Moving as expected

Comment:

Moving Nicely

Trade closed: target reached:

All Targets Achieved