TNBBTC Trading Ideas

Spotted Cup and Handle formation on TNBBTC and this formation look so critical that we had the handle first before the cup.

Price has past the mid line of the cup with current structures stays within a typical symmetrical triangle. Looking at oscillating indicator its somehow indicating overbought situation so this mean we may have likely drop.

Best trading idea will be to wait for breakout of the important resistance and buy back with pull back or wait for price to drop down to our accumulation zone.

Level to watch for are:
POSSIBLE ENTRY ZONE
Possible Support LEVEL
SELL TARGETS

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Note:
It will be good to always understand risk involve in trading. Always trade with stop Loss in place.

Set up an entry/exit strategy for every trade, with good risk/reward ratio.

Trade active

Trade active

Trade closed manually:

this went directly opposite to my intended analysis