Every time WAN breaks above the 21D MA in 4 hour chart we have seen 30 to 40% rallies within few days. I just found the same fractal repeating. Expecting this one to rally over 20 to 40% in the next few days. They also have some news within the end of this month. Dominance also seems to be rejected from the resistance level. So the Risk reward on this setup is quite good.
ENTRY : 1760 TO 1815
TARGETS : 1978 2135 2289 2351
Stop Loss : 1667
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Thoughts now that we're trading below the upward channel?
The symmetrical red/green cup formation makes me think that a lot of accumulation is happening between 1550-2000 sat, after which point we test 2000 sat again.
I'm currently looking for a daily close above 2000 sat, which would be bullish, but given current performance I'm playing this one conservative. If WAN >= 2000 sat, setting trade @ 2430 sat
The symmetrical red/green cup formation makes me think that a lot of accumulation is happening between 1550-2000 sat, after which point we test 2000 sat again.
I'm currently looking for a daily close above 2000 sat, which would be bullish, but given current performance I'm playing this one conservative. If WAN >= 2000 sat, setting trade @ 2430 sat