I do not use any indicators for this analysis (except volume)
As we can see, we are in an upward trend and the price has grown in regular channels. (Blue Channel)
Trading in the primary channel is very risky because if the price falls, the first support will be beyond our imagination. But the second channel limits our risk.
There is a possibility of stopping in the $ 11 range (due to the compatibility of both oblique and horizontal support), but this month we will finally reach the new peak.
risk reward ratio>2
As we can see, we are in an upward trend and the price has grown in regular channels. (Blue Channel)
Trading in the primary channel is very risky because if the price falls, the first support will be beyond our imagination. But the second channel limits our risk.
There is a possibility of stopping in the $ 11 range (due to the compatibility of both oblique and horizontal support), but this month we will finally reach the new peak.
risk reward ratio>2
Trade closed: target reached:
yes
reached target at 2 days
reached target at 2 days