Teatime for Basic Attention Token?

Here the idea of the cup gets frontrun so I puzzle a bullish triangle (ascending wedge is also possible and would make more sense) to fill the gap. There's a higher probability to break out to the upside but I can see the Cup and Handle pattern on the higher timeframe dominating it and force a handle-correction to 1/3th from the bottom of the cup. Once this pattern plays out I consider this a high probability trade. Aggressive traders will enter the bottom of the handle, whereas conservative traders will get in on the retest of the handle on the upper surface of the cup.


*DISCLAIMER* This idea is only for the purpose of sharing ideas -> NOT investment advice,
any feedback from aspiring traders and experts are more than welcome.

Always keep in mind not to enter a trade to soon and remember to take profit along the way.
Stay safe, stay profitable & may the odds be forever in your favor ^^

Commentaire:

BAT didn't care to wait to complete the setup and immediately went to backtest the top of the cup without completing the handle :o