Perenboom2630

ZIL breakout falling wegde

Long
BINANCE:ZILBTC   Zilliqa / Bitcoin
Please feel free to share your view on this pair down below in the comment section. I'm more than happy to be challenged and have an interaction on this idea.

Also make sure to leave a like as it helps me out a lot!

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- Falling wedge = bullish
- Breakout on the daily
- Next resistance @ 230 sats
- Breakout = size of the wedge => New high in 2020 @ 340 sats

What I am looking for in order to enter this position:
- Retest of the top line of the wedge
- Accompanied by a spike in volume

My first target would be right below the resitance zone @ 230 sats , which makes for an easy 20% profit.
My second target would be the new high with a trailing SL of about 15%

What's your opinion?

Comments

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