BigCorn Ascending?

Hello Tradingview, It's been a while. I hope you all have been well. It's time to man the battlestations.

On BigCorn we can see the possible formation of a bullish pattern. If this trendline holds, we could possible be forming an ascending triangle which should take us to 11.3k-12k. The diagonal rising support trendline is also confluent with the 4hr 50ma. If we can close this upcoming 4hr candle above 10275 that would be even better.
If the trendline happens to break 9.2k-9.8k should provide solid support. Let's see how this plays out.

Bình luận:

Market may test emotions before the close of the current 4hr candle. We may see a drop. If the trendline holds then continuation at the start of the new candle is possible. That's how I see it. The closer we get to the trendline, the higher leverage can be used. The most important part is managing your risk properly.

If you are using big positions without managing your risk, calculating position size, limiting the risk per trade, you are not trading. You are gambling. You will get rekt.