Keep on eye on WRX. It's one of Binance's latest adds and these newly added coins tend to have lots of volatility. Given the bullishness of the market and the pennant, I am biased to the upside. The target is based off the pennant height, however, I understand that the target could be far short of the next high. So for the sake of this trade, I'm setting my target just shy of .00002. The price is currently trading below a key level of significance as it approaches resistance at the top of the pennant. I'm inclined to believe we will test the bottom of the pennant again before breaking out.
Here's what I'm doing: I have a buy price set over .000011 to buy the breakout. If the price gets rejected, I'll change my buy order to ~.0000095. From here, I'll set a SL right below this area and let it ride. I'm not committing yet, because I could get at 10% discount on my purchase.
Here's what I'm doing: I have a buy price set over .000011 to buy the breakout. If the price gets rejected, I'll change my buy order to ~.0000095. From here, I'll set a SL right below this area and let it ride. I'm not committing yet, because I could get at 10% discount on my purchase.
Comment:
Buy signal