REEF - Potential 3X - Be Prepared!

Hello everyone, if you like the idea, do not forget to support with a like and follow.

I found REEF chart interesting! (Daily timeframe)

REEF is now stuck inside a range in the shape of a descending triangle. And every new candle is making the range even narrower.

Well as per the textbook, a descending triangle is a bearish continuation pattern. But we all know that it can be broken on either side.

I am looking to add REEF to my portfolio, but before we buy, we want the buyers to prove that they are taking over.

As per my trading plan, I will be waiting for a daily candle close above the blue dotted area to buy. (and 0.055 for extra confirmation)

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich