bike4sail

UBX/ETH Falling Wedge >90% Retrace Play

Long
KUCOIN:UBXETH   None
KUCOIN:UBXETH is Neutral-Bearish. Down over 90% from ATH, massive falling wedge formed with increasing RSI momentum. Solid area to buy, might not take off right away.

Buyers:

- 50% position @ horizontal/trendline support
- 50% position @ breakout/retest of upper trendline

Sellers:

- Can play the bounce up to next area of horizontal or trendline resistance

Not financial advice, DYOR

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