GALATASARAY90
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$BNB Ascending Triangle Pattern📈
An ascending triangle pattern is a chart pattern that indicates it is likely that the price of an asset will rise. It is a bullish pattern used in technical analysis to identify potential breakouts.
🧑🏫When to take an ENTRY❓
✅Entry: Confirm the breakout above resistance with strong volume. Optionally, wait for a resistance test as support.
🧑🏫What target should we set❓
✅Target: Measure the height of the triangle and add it to the breakout point for a profit target.
🧑🏫What Stop-Loss should we set❓
✅Stop-Loss: Place below the ascending trend line or below the retracement support for risk management.
If you think this helps, then thank you for supporting me❤️
An ascending triangle pattern is a chart pattern that indicates it is likely that the price of an asset will rise. It is a bullish pattern used in technical analysis to identify potential breakouts.
🧑🏫When to take an ENTRY❓
✅Entry: Confirm the breakout above resistance with strong volume. Optionally, wait for a resistance test as support.
🧑🏫What target should we set❓
✅Target: Measure the height of the triangle and add it to the breakout point for a profit target.
🧑🏫What Stop-Loss should we set❓
✅Stop-Loss: Place below the ascending trend line or below the retracement support for risk management.
If you think this helps, then thank you for supporting me❤️
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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