ALGOUSDT: Falling Wedge - Getting Ready for breakout

Falling wedge is bullish pattern (reversal pattern) formed by two converging bearish lines.
As you can see in the chart, ALGOUSDT has formed a clear falling wedge patter.
If the breakout is confirmed, we can enter the trade around 0.173
After the breakout we can expect a minor correct, however breakout entry should be good and position can be average to get better entry price if the correction happens.

EntryPrice: 0.1734 (after breakout) - 0.165 (for averaging the entry)
Stoploss: 0.1490

TP1: 0.1894
TP2: 0.2040
TP3: 0.2253
TP4: 0.2531

Don't forget to keep stoploss.
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Cheers
GreenCrypto

Kommentera:

Yet to reach out entry price

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Close to our entry price

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All Targets reached.

Trade stängt: målet nått:

Target reached