Hi everyone,
As you can see, this pair is drawing a nice pattern, one of my favourites, a H&S, an inverse one and ascending. If a 4 hours candle can close above the neckline that would be in my opinion a decent entry in order to trade this pair. The ideal condition would be to wait for a retracement from current levels and see if bulls keep the momentum. Potential gains between 40% up to 50%, depending on the entry price.
This is a risky setup. I would exit the trade with a tight stop loss under the neckline or around 3-5% loss, depending on the conditions that the crazy crypto market will have at that moment.
*Not financial advise. Just sharing my ideas :)
Feel free to give your feedback/opinion. Thanks for reading!
As you can see, this pair is drawing a nice pattern, one of my favourites, a H&S, an inverse one and ascending. If a 4 hours candle can close above the neckline that would be in my opinion a decent entry in order to trade this pair. The ideal condition would be to wait for a retracement from current levels and see if bulls keep the momentum. Potential gains between 40% up to 50%, depending on the entry price.
This is a risky setup. I would exit the trade with a tight stop loss under the neckline or around 3-5% loss, depending on the conditions that the crazy crypto market will have at that moment.
*Not financial advise. Just sharing my ideas :)
Feel free to give your feedback/opinion. Thanks for reading!
Trade active:
A 1 hour candle closed over the neckline.