BCHSV What's Next?: Strong Ascending triangle + Trading Plan

TRADING STRATEGIC .
$BINANCE:BCHSVUSDT

Study Range:
-Chart Time frame: 1H
-Timeframe 4H-1D

TRADE MANAGEMENT:

Trade entry: 105.50~106.50 (Blue Rectangle)
Stop Loss: 104.95.

-Targets:

Moon: 125.30

Risks/Rewards:
-Risk/Reward Ratio: 39.38
-Risk per trade: 0.47%

交易進行

註釋

reversal pattern, I did my best to fit them into the pattern. interesting trend projection

註釋

SV is preparing for its next big move, if we break to the upside 104.00 and 110.00 are my targets if we break the channel trend-line I will be looking to buy at the next support lvl.

註釋

we still doing some sideways consolidation. however cycles are oversold.

註釋

follow up of the XABCD pattern, just for learning purpose.

註釋

Possible double bottom forming

註釋

be aware of the descending triangle and its target, if we break market structure it could get ugly for SV

註釋

I will be re-entering tehe trade around 62 to 65 and i will trade that support bounce mean while ill be waiting on the side lines.

註釋

BCHSV Has successfully bounce from 64.00 and has broken the top of the channel, i could expect some consolidation and then a small upward correction before continuation of the down trend.