MEW — Ready To Get Rid Of A Zero?

After its recent pump of more than 100%, cats in a dogs world is consolidating in a bull flag. Since the bull flag is a continuation pattern, chances are high that we will see a breakout to the top.

Based on the bull flag pole, a break-out should aim for a target above 0.012 and erase one 0.

How to trade?

Trading the bull flag requires the price to break out to the upside. Additionally, it is preferable to confirm the breakout on a higher timeframe, like the daily chart, before entering a trade.

If you want to reduce the risk, you can even wait for a re-test after the breakout—however, this doesn't always happen, and it can also lead to a missed trade.