Thesis: Since it's first dramatic price spike of 2021 Cello has slowly been building an ascending triangle pattern with $3.50 - $3.60 forming the top. Cello has rejected all 3 previous attempts to hold $3.50 returning to back to its trend line.
Catalyst: The triangle pattern has run out of room and stronger volume has returned to push Cello over $3.50 for the forth time.
Trade: Enter on a back test of the $3.50 - $3.60 area if there is decreasing selling volume as price approaches those levels.
Stops: Stops can be at either $3.40 or $3.20 depending on your risk.
Exit: Take 50% of trade off at all time highs and let the rest run with trailing stop.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.