BAKE - getting ready for a new take-off 🤔❓

20 Okt 2021

The BAKE/USDT chart shows a mixed picture.
The price is in a local symmetrical triangle, which breaks both up and down, as this is a cryptocurrency market, false breakouts often happen with such figures, you should keep that in mind. Up to this point, we see that every time there has been high volume at the top, this is a signal that the big players are locking in their positions. So we have to be prepared for a downside scenario and a liquidity collection at the bottom.
Second scenario: the price could break the upper boundary of the triangle and go to local highs.
A good time to buy is after a false breakout of the area marked below or after a breakout of the upper boundary of the triangle.

Write in the comments all your questions and instruments analysis of which you want to see.

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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.

21 Okt 2021

Dagangan ditutup: sasaran tercapai

first target reached