Trading Signal:
A Trading Signal is seen in the BZRXUSDT bzx Protocol
Traders can open their Buy Trades NOW
TP 0.6850 (200% Profit)
SL 0.065 (71% Loss)
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BZRXUSDT bounced off the descending triangle support as expected from my previous analysis.
Price is testing the descending triangle inclined resistance.
Potential rejection of the inclined resistance.
Sell entry ⬇️ - breakdown below the minor ascending channel resistance.
Target 🎯 - descending triangle support.
Setup invalidation ❌ - breakout above the...
BZRXUSDT is printing a descending triangle pattern on the 4H timeframe.
We could see a bounce off the pattern support ⬆️ or breakdown below the pattern support ⬇️.
BZRXUSDT is on verge of a breakout. The market is printing a descending triangle pattern. Possible breakout price actions indicated. Breakout of RSI pennant pattern could be a confirmation signal.
13 count on TD Sequential indicates trend exhaustion combined with the break of a parabolic advance. Typically an 80% retrace can be expected - targets would be $0.205 range. Key levels are upper trendline of downwards channel in red and the volume node at $0.17.
