#GHST/USDT analysis-
The price is forming a descending triangle pattern. Additionally, it has already tested the support level multiple times at 2.7, indicating a high chance of breaking down further. If a breakout occurs, there is potential for the price to decline.
T.F.-15-Minute
ENTRY- as soon as it gives breakdown i.e. 2.685-2.689
SL- Above resistance area or previous swing high i.e. 3.195
TARGET- 2.120
Note- If stop loss hits before the entry, then ignore the trade as the price action will formed differently.
The price is forming a descending triangle pattern. Additionally, it has already tested the support level multiple times at 2.7, indicating a high chance of breaking down further. If a breakout occurs, there is potential for the price to decline.
T.F.-15-Minute
ENTRY- as soon as it gives breakdown i.e. 2.685-2.689
SL- Above resistance area or previous swing high i.e. 3.195
TARGET- 2.120
Note- If stop loss hits before the entry, then ignore the trade as the price action will formed differently.