📊#BTC may continue to rise according to the ascending triangle

Feb 7

🧠We have been oscillating sideways in the resistance zone and TP zone for a long time. The differences here are relatively large. The bullish power does not continue, and the short power does not continue either. In the end, the price is compressed and gradually forms an ascending triangle.

➡️At present, the space we can move within the triangle is getting smaller and smaller. I believe it will not be long before the direction is decided, so please be sure to do a good job in risk management.💯

⚠️The fluctuations after the complex consolidation phase are often the end of the trend, so it is best to trade conservatively.✔️

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Feb 8

Trade closed: target reached

📊#BTC successfully reaches TP zone2. Reduce or close positions.✔️

🧠The market developed as expected, and finally we chose to break upward according to the ascending triangle. As I said in my previous post, the fluctuation after the end of complex consolidation is often the end of the trend, so it may be wise to lock in profits in time.
➡️Because our previous long orders had already stopped taking profits, and the profit-loss ratio of yesterday's entry was not in line with my expectations, so we gave up and stayed patient and waited for new opportunities to appear.☕️

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