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Blackhole-Trading
Mar 22, 2018 11:13 AM

Bullish opportunity on VENBTC Long

Description

Falling wedge. Price currently at the bottom of Bollinger Band. Stoch RSI is oversold. RSI is showing a bullish divergence. I can see two support areas. The first one is marked with orange and the second one is marked with yellow. A safe trade entry could be once the falling wedge has a breakout. I took a risky chance and already entered the trade. My SL would be if yellow support area is broken. My TP would be just slightly below 68.80% Fib level.

My trade details:
Entry = 0.00040495
TP = 0.00042150
SL = 0.00039800

Constructive criticism would be appreciated.

Trade closed: stop reached

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