There are two signals. First, there is a divergence that prices rise but rsi falls.
Second, the volume is also dropping.
If the current rising wedge is broken, there is a 10% to 15% volatility.
I think it is the beginning of a reversal.
i will buy short when price breaks below rising wedge after convergence ends, or when it meets the ceiling again.
so entry : 28800 (buy half, and when price test wedge buy half more) or 29800
stop loss: when price enter in wedge, then pattern is wrong, it is not wedge.
TP1 : 26500 (wedge)
TP2 : 25000 (0.386)
if price break up? i don't entry. because i don't belive price continue go up. i just wait next entry point.
Trade aktif:
I entry because 15m long candle close below wedge.
Trading ditutup: stop tercapai