AKRO - Another Breakout ๐ฏ
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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