BCPT has been trading in a wide range after an accelerated move to the upside. Since that time is has formed a bull flag pennant and attempted but failed to break the upper flag pole. A potential long setup exists with a break above resistance at 0.00012855 followed by confirmed support after the break at or near the same level.
A loose stop would need to be placed on this trade due to the volatility so it may not be for all traders. Place the stop below the top of the current trading range. I would feel more confident with a longer consolidation period as that should provide more upside considering the recent move.
Good luck
A loose stop would need to be placed on this trade due to the volatility so it may not be for all traders. Place the stop below the top of the current trading range. I would feel more confident with a longer consolidation period as that should provide more upside considering the recent move.
Good luck