TNT vs BTC Long

BINANCE:TNTBTC   Tierion / Bitcoin
TNT has been moving within this wedge . I am opening a long position.

TP: 0.0001

Duration of trade: 1 year.

交易進行: nice bounce. movement within the wedge.
交易進行: looking good for a breakout.
交易進行: TNT has the nicest descending wedge forming. We are looking for a breakout in between 2 days and 1 week. Target 1: 2600
交易結束:目標達成: Target 2: .00004200
Target 3: .00005400

Long term target:

The breakout happened within our time frame and decided to come in the first part of the window.

Here is where things get tricky. This was an increase of 170% in a 6 day period. This came smashing a new ATH. I would expect a retracement along the downside of the equilateral triangle in the short term. Support is in the 1600- 1900 levels depending on how many days it takes to retrace. There could also be a move into consolidation.

Use capital management to assess your gains. I have sold 15%

Right now there is a divergence in high trend and low trend. It is possible, that price continues to climb, but it is unlikely based on this TA.

交易進行: It did indeed fall downward.

It has broken the upward trend line and is not looking for support in the 1600 levels.

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