MC USDT triangle formation and volume building up
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Increase in volume (which is paramount to have a decent size move to any direction) and major Support/Resistance level (orange line) touched on daily time frame (demand zone).
We can wait the breakout of the giant symmetrical triangle to buy the retest of the trendline or
We can buy at demand zone and wait patiently
Trading volume up > Price Action getting hot > market participant might be interest soon in this asset.
It looks like we are at the point of interest on lower timeframes
Bullish divergences playing out on 12H timeframe normally showing a potential for a bounce from the area.
Take-Profits: on chart
Stop-Losses: according to your risk tolerance to any line below entry price
REMEMBER: set Stop-Loss at Break-Even when u are in profit FOR a ZERO risk trade
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DO NOT FORGET TO TAKE A LOOK @ MY OTHER CHARTS.
Increase in volume (which is paramount to have a decent size move to any direction) and major Support/Resistance level (orange line) touched on daily time frame (demand zone).
We can wait the breakout of the giant symmetrical triangle to buy the retest of the trendline or
We can buy at demand zone and wait patiently
Trading volume up > Price Action getting hot > market participant might be interest soon in this asset.
It looks like we are at the point of interest on lower timeframes
Bullish divergences playing out on 12H timeframe normally showing a potential for a bounce from the area.
Take-Profits: on chart
Stop-Losses: according to your risk tolerance to any line below entry price
REMEMBER: set Stop-Loss at Break-Even when u are in profit FOR a ZERO risk trade
Did you like our analysis? Leave a comment, like, boost and follow to get more
DO NOT FORGET TO TAKE A LOOK @ MY OTHER CHARTS.
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