Another quick scalp on $CAP just closed for a +2.6% gain! Our algo spotted a classic 'compression breakout' pattern forming on the 15-minute chart. Price had been consolidating in a tight range for about 4 hours, indicating indecision, but volume was steadily declining. This often precedes a sharp move. When the 50-period EMA crossed above the 200-period EMA on increased volume, it confirmed the breakout signal, and we entered. The exit was triggered by a retest of the previous resistance, which now acted as support, indicating a potential reversal or re-consolidation.
Do you prefer trading breakouts or reversals? Let us know! Full open track record in bio.
$CAP #CryptoTrading #AlgoSignals
Do you prefer trading breakouts or reversals? Let us know! Full open track record in bio.
$CAP #CryptoTrading #AlgoSignals