On the above 1-day chart price action has corrected a massive 90% since February with oversold condition. A number of reasons now exist to be bullish, including:
1) Price action breaks out of resistance and confirms support.
2) A ‘incredible buy’ signal is printed. On past resistance.
3) Price action makes an impulsive move to the upper side of the Bollinger Band. Fantastic.
Is it possible price action falls further? Sure.
Is it probable? Unlikely.
Target 10-15k sats / 10x from current levels.
Good luck!
WW
PS: not in this trade, if you want an update leave a comment below.
1) Price action breaks out of resistance and confirms support.
2) A ‘incredible buy’ signal is printed. On past resistance.
3) Price action makes an impulsive move to the upper side of the Bollinger Band. Fantastic.
Is it possible price action falls further? Sure.
Is it probable? Unlikely.
Target 10-15k sats / 10x from current levels.
Good luck!
WW
PS: not in this trade, if you want an update leave a comment below.
交易進行
註釋
Price action prints a ‘great buy’. Now being such a small market cap I’d wait for a rotation rather than trying to guess the bottom. The Head and shoulders extension has been met and price action is on past resistance testing as support. Confirmation is needed.On a side note, there’s an interesting lesson here. Someone / some group purchased $1m of perpetual futures at 95 cents, now down 30% (assuming leverage was used and no liquidation as of yet) then they burnt through $1.5m !! Ouch.
Lesson is, more money does not equal smart money. Smart money comes from believing in yourself, not others.
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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
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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。