ALICEUSDT | Falling Flag – Local Trend Breakout Trade Setup
ALICE / TetherUS BINANCE:ALICEUSDT
Price action and chart pattern trading setup
> Falling Flag reversal pattern of local trend
> Entry at breakout downtrend line
> 1st target at previous high zone 0.786 – 1.0 retracement, a possible wave 1 leading diagonal
> 2nd target at wave 3 – 1.618 – 2.0 zone for long term trade
> Stop zone at the lowest position of last wave, RRR: 2.5:1 for medium term trade, downside risk 10 – 15%.
Indicator:
1. strong smart money volume support
2. banker chip multiple entries
3. fund flow reversal pattern
4. BBD signal crossing up baseline 0
5. KDJ stochastic bullish divergence
Always trade with affordable risk and respect your stop-loss
