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Shotokhan
Feb 26, 2021 11:34 AM

Possible double bottom on UMA Long

UMA / TetherUSBinance

Description

So, market has been in disarray recently and I couldn't exit my trades before the dump so I'm stuck but maybe you guys can do something so I'm still sharing my TA.

This looks a lot like a double bottom (bullish), so unless that green candle that pierces very little from that first top invalidates this pattern, this whould go up. Neckline is the dashed line, if a candlestick closes over that line might me the confirmation this is going up, you might play this in two ways:

- wait for the price to go over the neckline and then enter. REMEMBER, very often price retests the neckline or goes a bit lower;

- enter now

It's up to you. I'm in until 45 (at least)
Comments
abel11
Amazing work! Subscribed
MoneyMakerTrade
Good idea !
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