Metal (MTLBTC) Opportunity for Profits
This is a small-cap market trade for quick profits.
Here I loaded up the 4h chart. We can see an ascending triangle has formed.
RSI has also formed an ascending triangle.
Next move is likely going to be a down move to hit the next higher lows.
After a downtrend, wait for a clear reversal then go in on the trade.
Just by trading within the triangle, 10% profits is possible.
Set a stop loss to minimize losses in case the pattern breaks the pattern.
If the pattern breaks, stay away from the trade.
I'll come back with an update.
Here I loaded up the 4h chart. We can see an ascending triangle has formed.
RSI has also formed an ascending triangle.
Next move is likely going to be a down move to hit the next higher lows.
After a downtrend, wait for a clear reversal then go in on the trade.
Just by trading within the triangle, 10% profits is possible.
Set a stop loss to minimize losses in case the pattern breaks the pattern.
If the pattern breaks, stay away from the trade.
I'll come back with an update.
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