Orchidלונג
$OXT Falling Wedge? Pt.3
These are my own ideas and not used for financial advice
As you saw on my previous ideas a falling wedge was forming and there were instances where it would breakout but then fall back in creating a bigger wedge. A few hours ago we had a nice 10% pump which then broke out of the falling wedge. After it hit 0.35 it bounced back into the wedge, this technically is still a wedge. Just a bigger one. Which means a bigger breakout in imminent either to the upside or down side. In my opinion I think the bottom is around 0.29-.30, if it breaks below 0.29 then I would beware. Happy trading
As you saw on my previous ideas a falling wedge was forming and there were instances where it would breakout but then fall back in creating a bigger wedge. A few hours ago we had a nice 10% pump which then broke out of the falling wedge. After it hit 0.35 it bounced back into the wedge, this technically is still a wedge. Just a bigger one. Which means a bigger breakout in imminent either to the upside or down side. In my opinion I think the bottom is around 0.29-.30, if it breaks below 0.29 then I would beware. Happy trading
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