Trade set up for PowerLedger - looks like it has genuine support

Most cryptos have made a higher run this week, but volumes remain low. This indicates that this is simply a relief rally and likely to be short-lived. One exception is PowerLedger, which showed rising volume as prices increased, breaking out of its downtrend channel.

Prices have now paused and may possibly retrace, providing an opportunity to accumulate closer to the stop loss, which should be placed just below the breakout.

If this trade plays out, there is a possibility of trippling your outlay.

Although, as will all bets in this market, nothing is guaranteed!