Triangle Formation with short bias

Salutations fellow traders!

This morning I found an interesting triangle formation in the pocket of Stellar, which has been in a long term down-trend since Mid-February. Like many of the other crpytos in this sector, we're seeing continued possibilities of a breakout towards new highs, with price bottoming out at very key levels as well as higher lows.

Price is holding at .22, and will need a very strong candle in order to confirm a breakout. The best strategy is always to wait for that strong candle in order to confirm, otherwise you'll be the subject of a fake-out, and price will dive right back into the downtrend.

Happy trading!