GTCUSDT forming a falling wedge pattern
Disclaimer on,
This is a personal opinion, I am not responsible for your trading results.
Trade with your own risk.
GTC formed a falling wedge pattern on the M30 time frame, the upside target is at USDT 11,485 with a stop loss area at USDT 10,445. An entry can be made when the price is able to break above the USDT 10,635 level. In addition, the EMA (exponential moving average) 90 is also become a dynamic support that can be taken into account to bounce prices back up. The Risk to Reward ratio given is 1:4, I think it is worth considering.
This is a personal opinion, I am not responsible for your trading results.
Trade with your own risk.
GTC formed a falling wedge pattern on the M30 time frame, the upside target is at USDT 11,485 with a stop loss area at USDT 10,445. An entry can be made when the price is able to break above the USDT 10,635 level. In addition, the EMA (exponential moving average) 90 is also become a dynamic support that can be taken into account to bounce prices back up. The Risk to Reward ratio given is 1:4, I think it is worth considering.