EMC2BTC perform bullish flag, this is very profitable pattern, sometimes it perform multiple flag (3 times) We have temporary projection with 113% profit target at 0.00003000, best option to buy at flag support at 0.00001419.
@KhaledKhaldoun, Hi. I'm not an expert, but here are some general rules I made for myself:
Two "buy zones:" (choose whichever strategy suits you/your risk tolerance
1. Enter @ 0.00001419 (like Dian suggested). Stop-Loss around .00001300 - .00001375 (depends on your equity, position size, etc...). The trick is to have the stop-loss trigger LOW enough that false breakouts (from the bottom support) don't force you to sell prematurely, but not so low that you lose your shirt if support fails.
2. Enter between 0.00002005 - .00002175. This is the safest bet because you're entering when price breaks through resistance, and the probability of the uptrend's continuation is much higher (as opposed to buying at support, where confidence in sustained bullish sentiment is less strong).
Hayua
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@BrianCT, safest is a big word. What if a false break happens up there?
BrianCT
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@Hayua If there's a false breakout of the resistance, then the consolidation pattern will continue, or bulls might give up entirely and price plummets past support.