LOOM - Saucer Pattern - Long Trade

Mar 2

#LOOM #Analysis
Description
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+ LOOM is forming a nice saucer pattern. This is a bullish pattern and we can expect the price to pump if the price breaks out from the resistance range.
+ As of now the price is below the resistance range, we need to wait for the price to hit the resistance range and then breakout from there successfully.
+ I'm expecting the price to breakout from the resistance in the next 2-3 days.
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VectorAlgo Trade Details
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Entry Price: 0.11756
Stop Loss: 0.10708
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Target 1:0.12201
Target 2:0.12712
Target 3:0.13569
Target 4:0.14621
Target 5:0.16046
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Timeframe:4H
Capital: 1-2% of trading capital
Leverage: 5-10x
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Enhance, Trade, Grow
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Best Regards,
VectorAlgo