Yesterday, https://steemit.com/trading/@tosmartak/dogecoin-breakout-dogebtc-nice-triangle-formation from Doge Bullish pennant formation, it was predicted there would be a breakout as shown in the diagram below.
Fortunately, we ended up having an upward breakout as shown below.
Remember:
It is always necessary for you to wait for a break out before entering a position (either buying or selling as the case may be). Also note that the profit target is based on the previous trend, so you can determine your own profit target, but do not get too greedy and stick to a plan. You should also know that market can change within a split of a second for any reason or factor, which one of them may be as a result of BTC being bullish, so be fast enough to adapt your trade to such situations like this.
Lastly, trade a certain percentage of your portfolio and never go all in.
I wish you the best in your trade!
Disclaimer:
This is my opinion, so you can decide to make further research which means everything you do is at your discretion and totally makes me not responsible for any loss on your part. This post is meant to be a guideline and you should see it as such.
