On the above weekly chart price action has corrected 90% from $30 since November 2023. A number of reasons now exist to be long. They include:
1) Price action and RSI resistance breakouts.
2) A trend reversal.
3) Price action is at this moment confirming support on past resistance established 5.25 years ago. That is important.
4) The bull flag. A confirmation of support on the legacy resistance is also a confirmation of the bull flag. An impulsive move of 1500% to $57 area should follow.
Is it possible price action corrects further? Sure.
Is it probable? No
Ww
Type: trade
Risk: 2-3% is enough
Timeframe for long: You decide
Return: 1500%
1) Price action and RSI resistance breakouts.
2) A trend reversal.
3) Price action is at this moment confirming support on past resistance established 5.25 years ago. That is important.
4) The bull flag. A confirmation of support on the legacy resistance is also a confirmation of the bull flag. An impulsive move of 1500% to $57 area should follow.
Is it possible price action corrects further? Sure.
Is it probable? No
Ww
Type: trade
Risk: 2-3% is enough
Timeframe for long: You decide
Return: 1500%
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。