ONE is forming an ascending wedge after a strong bull run which usually ends in a break below the support line. Statistically, this is the more probable outcome and one we should be looking to take advantage of.
How do we trade this? 🤔
We need a break below the support line *and* a retest of the support line after the break, demonstrating that support became...
ONE 4H support is at ~$0.189
Enter 50% here
and try to set some buy orders near the support zone
If ONE holds above the trendline,
the Take-Profit target would be $0.244, $0.268, and $0.289
Cheers
ONE 2H support is at ~$0.183
Enter 50% here
and try to set some buy orders near the support zone
If ONE holds above the trendline,
the Take-Profit target would be $0.2, $0.22, and $0.237
Cheers
