1. XABCD Bearish BAT Pattern in final CD move towards area shown in chart.
2. There is heavy historical resistance at this level too. Check the chart and draw your own resistance lines to confirm.
3. XABCD Bearish BAT Pattern confirms the heavy resistance possibility.
4. Make sure to set stop loss accordingly.
5. Speculative setup, please do your own analysis before trading.
6. I am not licensed to provide financial advice. Trade at your own risk!
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Out -
WineTrader888
2. There is heavy historical resistance at this level too. Check the chart and draw your own resistance lines to confirm.
3. XABCD Bearish BAT Pattern confirms the heavy resistance possibility.
4. Make sure to set stop loss accordingly.
5. Speculative setup, please do your own analysis before trading.
6. I am not licensed to provide financial advice. Trade at your own risk!
If you like this please give a thumbs up and follow me!
Out -
WineTrader888
Comment:
Breakout Happened but pullback is quite strong and it has formed a bearish ABCD pattern on the 4 hour chart. Therefore it can drop further down to 2.4 levels. I suggest moving Stoploss closer to entry and try to exit if you havent yet.
Trade active:
Take some profits now and move the final TP to a higher level than indicated on my chart. This is because I believe we are going into Alt Season now so the market will be more bullish than bearish. Do not try to take profits like how my chart indicates because more than likely OMG will not drop that low.
Comment:
Take all Profits Now!
Trade closed: target reached