On the e5mins time frame, a bullish pennant flag pattern has formed.The flagpole which leads to the pennant should be unusually steep and last several days.
Volume trend Downward trend 88% of the time and Breakout Upward 61% of the time.
Price in this flag is loose, with some space inside the flag.
A loose pennant is one in which price meanders, pokes outside the trendline boundary, contains white space, or looks jagged
Traders should always wait for a proper breakout from the flag, before taking a trade.Only when price closes out the flag, which will give a trader signal to take a position.
SELL:0.00003200sats up to 0.00003275
Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.