In the 45 min chart you can see that VENBTC has formed an Ascending Triangle. It broke already at 0.043454.
I've entered late, but still plenty of room to profit from this big triangle.
It has retested the resistance line, but is going back to profit, which is at the end of vertical height of the triangle opening (8%).
I'm playing conservative ant taking profit at 4%.
Stop Loss at 3.5%.
I've entered late, but still plenty of room to profit from this big triangle.
It has retested the resistance line, but is going back to profit, which is at the end of vertical height of the triangle opening (8%).
I'm playing conservative ant taking profit at 4%.
Stop Loss at 3.5%.
Trade active:
Retesting again the resistance line at 0.00043259.
I will suggest to wait until a new break to enter and set the stop loss at the other edge of the triangle at the same level of the break.
The estimated profit still the same, around 8%.
I will suggest to wait until a new break to enter and set the stop loss at the other edge of the triangle at the same level of the break.
The estimated profit still the same, around 8%.
Trade closed: stop reached:
Didn't go as expected, stop loss will always save us from a mayor lost.