Spotted potential Inverse head and shoulder pattern on the price of gobtc and with this pattern price could go all the way up to test zone of previous all time high for the coin.
Kindly follow the suggested Buy zone on the chart and always remember to apply stop loss.
Level to watch for are:
POSSIBLE ENTRY ZONE
Possible Support LEVEL
Do know that...
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Commodity : GOCHAIN
Trade Type : LONG
Trading Against : BITCOIN
Entries : Double-UP Entries throughout the Buy Zone
Profit Taking : 25% at each TP point.
Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on
Duration - 2-4 weeks
Investment in trade : 5% of the total Trading Balance.
The price action is entered in potential reversal zone of expected shark pattern, this is the area it will take a bull move to hit the sell targets insha Allah.
The targets are:
Buy between: 0.00000516 to 0.00000623
Safe targets: 0.00000651 to 0.00000794
Aggressive targets: 0.00000916 to 0.00001089
Atif Akbar (moon333)
I decided to enter this trade because of the falling wedge that has formed on the 1HR. In addition, the double bottom that formed on the daily appears to still be at play. On a micro level there is bullish divergence on the 15 minute. Please keep in mind that this is for my own records and is by no means financial advice. Please do your own research before...