gNnairdA

Ascending triangle reversal

FTX:SRMUSD   Serum
We are currently inside an ascending triangle . The way I like to trade this is along the trendline ,so I have already loaded some longs on 1.908. What's really great about this patterns is the low risk to reward it provides as becomes clear whhere it would become invalidated so you can move the SL along the trendline as this pattern matures. If it ends up breaking down, it's no big deal as the loss would be small and better yet the SL might already had been in profit. obviously if you are reading this now you'd want to either wait for another rejection along the trend line or a breakout then the retest of resistance after it break out.
This might test the trendline it had broken.

면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.