BigTime | Bullish outlook
Despite
BIGTIMEUSDT.P
facing significant selling pressure in recent months, I remain bullish, convinced that this is not the peak but merely a steppingstone to greater heights.
From a technical standpoint, we're solidly positioned at a critical support level, offering a prime opportunity for a long trade with substantial risk mitigation.
Additionally, we're currently navigating through a bearish channel with a downward trend, and an incomplete falling wedge pattern.
Though we continue to observe lower lows and lower highs, a breakout from this pattern could potentially trigger explosive rallies.
Personally, I opened a long with only 2x Leverage with the following details.
Goodluck,
From a technical standpoint, we're solidly positioned at a critical support level, offering a prime opportunity for a long trade with substantial risk mitigation.
Additionally, we're currently navigating through a bearish channel with a downward trend, and an incomplete falling wedge pattern.
Though we continue to observe lower lows and lower highs, a breakout from this pattern could potentially trigger explosive rallies.
Personally, I opened a long with only 2x Leverage with the following details.
- Entry price: 0.1965
- Stop: 0.0940 I'll cut lose if we close a daily candle completely below 0.133.
- Short term target: 0.3264
- Mid-term targets: 0.4442
- Long term targets: 0.5326, 0.6242, 0.7616, 0.9253, 1.1916
- Final setup target: 1.3870
Goodluck,
Everything is working according to plan.
Moved my SL to Breakeven and still expecting more.