Bitget - Standing Strong 👌

Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.

While many altcoins made lower lows the past couple of months, BGB stood strong above support.

BGB is stuck inside a range in the shape of a symmetrical triangle highlighted in red.

For the bulls to take over medium-term, we need a break above the upper red trendline, and then above the green resistance 0.225 for the bulls to take over from a long-term perspective.

In parallel, for the bears to take over, we need a break below the blue support 0.17, in this case a movement till the next support would be expected.

Meanwhile, inside the symmetrical triangle range, we will be looking for short-term buy and sell setups respectively around the lower bound and upper bound.

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

TheSignalyst

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