$AVAX
Broke out
Daya11
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Bullish
$AVAX
Lets straight into 4h chart ,
An ascending triangle pattern is a bullish continuation chart pattern .Two lines forming pattern which is a horizontal resistance line and a rising support trendline, indicating that buyers are gaining strength as they push the price higher while sellers are unable to break a consistent resistance level.
Trade set up Key Note :
Wait for a clear breakout above the horizontal resistance line.
wait for the confirmation with increasing trading volume .
Enter a long (buy) position after the breakout is confirmed.
Place a stop-loss below the most recent higher low or as your risk reward ratio.
Profit target is to measure the widest distance of the triangle ( beginning) .
Do Your Own Research , #nfa
Lets straight into 4h chart ,
An ascending triangle pattern is a bullish continuation chart pattern .Two lines forming pattern which is a horizontal resistance line and a rising support trendline, indicating that buyers are gaining strength as they push the price higher while sellers are unable to break a consistent resistance level.
Trade set up Key Note :
Wait for a clear breakout above the horizontal resistance line.
wait for the confirmation with increasing trading volume .
Enter a long (buy) position after the breakout is confirmed.
Place a stop-loss below the most recent higher low or as your risk reward ratio.
Profit target is to measure the widest distance of the triangle ( beginning) .
Do Your Own Research , #nfa
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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