AKRO - Another Breakout 🎯
AKKRO is currently within a parallel channel and approaching the channel support. The last time we saw similar price action, we broke out in excess of 100%. Anticipating a similar breakout this time round.
Trade Idea:
- the best place to enter would be at the channel support. If we dont get there, watch for a strong breakout
- Stops below the parallel channel
- Target recent highs as first TP and channel resistance as second TP
Be sure to use proper risk management on this trade as we'll require a bigger SL if we break out early. Keep that in mind. Goodluck!
Trade Idea:
- the best place to enter would be at the channel support. If we dont get there, watch for a strong breakout
- Stops below the parallel channel
- Target recent highs as first TP and channel resistance as second TP
Be sure to use proper risk management on this trade as we'll require a bigger SL if we break out early. Keep that in mind. Goodluck!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🥃 Crypto Signals Since 2017 🥃
💎Telegram t.me/AltSignals 💎
📈 Signals/Algos altsignals.io/join 📈
💎Telegram t.me/AltSignals 💎
📈 Signals/Algos altsignals.io/join 📈
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.