Hi
I entered a trade today and bought ALGO. The price broke from a triangle pattern but within 5 mins of entering the trade the price began to fall. Did I enter the trade too early after breakout ? I have added the chart below:
https://ibb.co/5vJwYZyI don't trade triangle breakouts but I do know that a lot of folks wait for a re-test on that upper line of the triangle after the first breakout before getting in. To me, triangles patterns are really vague. I look at these sometimes on a daily chart to give me a general idea of a range, but on intraday time frames for crypto, i don't even bother.