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COREUSDT SPOT
Long
Updated

CORE Rectangle Breakout

282
COREUSDT appears to be breaking out of a 2 1/2 months long rectangle, and is currently challenging the 100-day EMA.

Confirmation: Daily close above $0.58
Invalidation: Break back below the rectangle resistance
Target: Previous support at $0.77 (resistance reinforced by 200-day EMA)
Trade active
Breakout confirmed. Watch for a retest of the resistance as support for a potential additional entry opportunity.
snapshot
Note
Resistance retest as support is in, and it offered a very good R/R entry.
Here's a 1H chart zoom-in.
snapshot
Trade closed: target reached
CORE target reached.
snapshot
AliferCrypto
Also on:
100200breakoutCOREMoving AveragesRectangleSupport and Resistancetarget

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
100200breakoutCOREMoving AveragesRectangleSupport and Resistancetarget
AliferCrypto
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.