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A 63-day long descending channel formation - #OP
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Quite is a unique situation due to the duration of its consolidation, as well as the manipulation of liquidity from below,
which generally indicates that a large player is taking a position.🖥In the near future I expect to see a test of a valid support zone for continuation of growth, with the goal of breaking the upper boundary of the channel,
as well as the resistance zone and volume level of POC🔼
🔜I plan to enter the trade from current(1.42$-1.32$).
🛑 Stop loss will be at the level of (1.1$)
✅First take (1.5864$)
✅Second take ($1.99)
✅Third take ($2.274)
When the first take is reached, the stop loss should be moved to breakeven. Reaching the third take will be
60% of the net movement excluding shoulders.