XRPBTC SHORT Right-Angled and Descending Broadening Formation

264 3
There is a good channel trade potential.

Be sure to use tight stops and use for partial decline . If a partial decline occurs - meaning that the price turns around before getting close to the other trendline - CLOSE YOUR POSITION and consider a long trade.

Info on the pattern:

Good luck
評論: i might still get on on this.

交易進行: Entered the trade at 9375
評論: What's going on, why is this pumping on great volume? can't find any news
評論: Maybe a short closing that generated a short rally? Monitoring the trade. Will close if it comes near my entry again.
手動結束交易: Not sure what's going on. Close the trade for minor profit. its better than a loss.
評論: Also fearing a partial decline => very bullish signal
評論: Considering this trade:
close my trade 20 mins ago. looks like its going to be pumped like it was on 14th February
don't want to take this risk... huge volume
+1 回覆
@lj_4b, i think that was the right move. I'm sticking around for a couple of candles. There is a strong bearish divergence on the 15 minutes.
yeah that last chart is more like it, megaphone pattern
+1 回覆
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