RLBUSDT Triangle into Rectangle trade

Rollbit Coin (RLBUSDT) has been trading within a Triangle pattern on the 4H time-frame for the past month. The price has completed 4 days of trading below both the 1D MA50 (blue trend-line) and 1D MA100 (green trend-line).

We may gradually see the transition of this Triangle to a Rectangle (yellow) pattern, within the 0.618 - 0.236 Fibonacci range. Our trading plan is to buy as long as the 0.236 Fib holds and target 0.2100 (Just below the 0.618 Fib) or sell if it breaks below it and target 0.1100.

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