The price in 4h is indicating that this is risky trade to take as and ascended so high already. But once breakout upwards occurs this gives extra confirmation that the bulls are in the control. I talked about in my telegram channel about the fundamental parts and what great stuff are still coming for airswap which can support the upward movement.
If the price breaks the of this pattern, it might not mean momentum downwards. It is important to test these support levels before claiming it is . Sometimes in this pattern the price likes to get extra thrust from the support levels down below before moving rapidly upwards.
But if the price moves further downwards then it is recommended to remove buy orders and wait for another buying opportunity to occur.
Buy orders should be above 0.000135 level with stop-loss of 0.000103 level. Partial amount of the profit should be taken at 0.000145 & 0.000150 levels (Close to previous ATH ) and rest should be left for the longer run.
Feel free to leave your questions down below in the comments!
Things to Remember:
-> Stop-loss orders are strongly recommended.
-> Beware of buying tops or FOMOS, you might end up losing or waiting long periods of time before getting anything back.
-> Do your homework before investing.
Please be aware I am providing this trading information for your benefit and insight to my trading strategies. You are responsible for your trading and investing decisions. It is highly recommended to do your own research before investing anything.
Yarr The Pirate Crypto Cat!
A new triangle formation. False breakout was followed by doji and bearish formation. Which took it to 0.382 fib level. The triangle got bigger now, and it requires patience before able to trade it again.
If you haven't already bought, this is prime buying territory, once the bottom is in. The bottom of the 2nd is the best entry, because the upward momentum is confirmed once the wave turns, and the high of the 1st wave is a solid baseline price. 100% confirmation is when that high is surpassed, if you want to wait that long.