Trade Setup #4, 24/10/2019

SNMBTC on Binance is set to break to the upside with this triangle pattern.

At this stage there is no confirmation of the breakout yet but buy the breakout above the top white trend line. That means that if the candle closes above the white trend line then it is a breakout.

Because SNMBTC is approaching the end of the triangle there is going to be some action one way or the other. An aggressive buy option would be to buy before the breakout.

Remember it 100% important to always set a stop loss on these trades, if a trade goes bad then you need to cut your losses and move onto the next trade. No traded in the world wins all there trades but the best traders win more than they lose and only lose small amountsbut win big amounts.

Good Luck!

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