Savvythe1

PCX Falling wedge and major trend looking to break bulliish

Long
KUCOIN:PCXUSDT   None
Here is a Kucoin Banger for you folks,

One thing I like to remind my students in our VIP group about these Kucoin spot trades (especially the coins with low liquidity) is to layer your take profit area's. Since Kucoin doesn't allow for a stop loss and a take profit to be placed parallel to each other on a single trade, its more important to have a stop loss in place and just put alarms at your TP zones and start closing some of the trade along the way when they go off. After the price action breaks above the top green trend line you are in a lot safer of an area to set your TP's and to remove your stop loss. This way if the TP's are hit while you are sleeping you can get your pro's. If you do set up your take profits on your trade, make sure to layer them with limit sell, especially with a low liquidity coin. This should help you actually get your orders filled.

Major buy candles are coming in on this one, it seems to be in a clear wedge and bullish divergence coming in strong. Time will tell but, we also have a lot happening this month with a possible negative GDP for a second month in a row and officially starting a recession, the FED with another rate hike... likely to be .75bps and one the 13th we will have the inflation reports coming out from last month as well. Personally, I do see Bitcoin eventually decoupling from traditional markets and showing up to the party that it was made for the more and more inflation keeps getting out of hand.

Have a green week my friends!

Savvy

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