When looking at BLUR we can see that it is in a tight falling wedge pattern. This is a bullish pattern and usually breaks towards the upside most percent of the time.
With this pattern being so tight, I would expect to see a bullish move up within the next 24-48 hours as long as Bitcoin doesn't completely fall off a cliff here.
I'm currently long on this trade looking to take profits around $0.40
Every day the charts provide new information. You have to adjust or get REKT.
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Don't trade with what you're not willing to lose. Calculate Your Risk/Reward!
This is not financial advice. This is for educational purposes only.
With this pattern being so tight, I would expect to see a bullish move up within the next 24-48 hours as long as Bitcoin doesn't completely fall off a cliff here.
I'm currently long on this trade looking to take profits around $0.40
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
Don't trade with what you're not willing to lose. Calculate Your Risk/Reward!
This is not financial advice. This is for educational purposes only.
Comment:
My trade is still open! We need to clear the .33 resistance to get another nice leg up to the $0.40 resistance. That's where i will be looking to take profit.
Comment:
Trade was closed. Stop-loss hit. Now currently long again from the lows of the range. I only risk 2% on that trade.