As yuo can clearly see, GHST has been ranging this descending paralled channel for well over a year now, top to bottom and back again! Just recently however, something different has happened..
We've had a significant breakout from this channel to the topside and now we've got a massive green bar indicating the potential for a bullish market starting.
There's a few layers of resistance above the current price, around 10%, 20% and 30% up. Which one are we targeting? We'd like to keep Trailing Stops reasonably tight on this and tick each target off as we get there!
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We've had a significant breakout from this channel to the topside and now we've got a massive green bar indicating the potential for a bullish market starting.
There's a few layers of resistance above the current price, around 10%, 20% and 30% up. Which one are we targeting? We'd like to keep Trailing Stops reasonably tight on this and tick each target off as we get there!
If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
