This chart looks amazing. Gonna Enter a position here and look for profit on the upper resistance line. If it goes south, i will try to increase my position around the support line.
Stop loss below the support line. If price breaks either lines a major move will follow.
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The FLO/BTC also shows good signs for a safe entry here, since we are in a demand zone:
Trade geschlossen: Stop wurde erreicht
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Seems like the support line was broken and i'm closing this trade now until it's too late. I don't believe the analysis is valid any longer so the risk is higher now.
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The big boys made this one bounce between support and resistance until breakout which triggered FOMO.
Note: Next time, allocate smaller percentage of portfolio when this pattern occurs, so that i don't have trouble holding until breakout.