Mubarak Falling Wedge & Reversal Candle, Simple TradingAnother good chart setup, trade-opportunity, fully based on TA: MUBARAKUSDT.
The classic falling wedge is present on the chart, a perfect one.
The last candle that closed resulted in a reversal signal with increasing volume, also a higher low compared to April and May. Perfect market conditions. There is first a bottom pattern that leads to a bullish wave. The bullish wave gets corrected into a higher low and a clear reversal pattern develops. This higher low will lead to a new bullish wave where we are expected to sell at the top.
After this new bullish wave runs its course, we get a new correction. We know the end of this new correction because some form of signal will show up. We don't have to worry about the next correction nor about the long-term. Here, we can simply focus on the next target; buy now, wait and the market takes care of the rest.
Buy now when prices are low and hold. Set your sell (limit) order on target; the market takes care of the rest. Once your target hits, you will see a new balance in your account containing your initial layout plus profits. Very easy. Then rinse and repeat.
Next chart, next opportunity, next altcoin, next project, next pair, next trade.
Buy when prices are low; hold.
Sell when prices are high.
You can thank me now.
Namaste.
