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VIBE sending those GOOD VIBRATIONS of profit!

Broke the first downtrend after binance listing, then broke a less steep downtrend, looked to be consolidating but went one leg lower, not even in top 100 coin spot now, I'd def say its undervalued. Whales seem to be accumulating from the 9000 to 10000 sat range. Once they are loaded I think we are going way up similar to the run that APPC and other newly listed binance coins have been doing.
Good luck with your trades!
Good luck with your trades!
註釋
The fact we bounced off the top of that "accumulation box" I'd say thats pretty bullish. I wouldn't be surprised if we get one more leg down to a full 100% retrace on the initial run from the binance listing, either way, its important to ladder in the buys since we never know with 100% certainty where the bottom will be.
Buying in or at the top of the second box from bottom is safe, but I'd save some powder in case it drops to the lower box which would be the full 100% retrace and also the apex of the falling wedge.
註釋
trade going according to plan, nice green daily close w inverted hammer. After breaking out of that falling wedge we have a 5 elliot wave up and correction seems to be just about finished, can scale in additional dip buys at the smaller move 38 and 23% fib retraces listed at .00009239 and .00008306.
As far as profit targets, I am not taking any profit off the table until we hit the greater 23% fib at .00015, and even then I plan to rebuy the dip and accumulate more due to the coins strong fundamentals and partnerships in a relatively new and unique space.
註釋
markets quite red today, which is probably half the reason we failed to go up toward the red 23 fib retracement line. I zoomed out and found a new larger falling wedge forming and we are currently trying to break out of that. Level at 7100 needs to hold otherwise we are still correcting and the greater elliot wave is invalidated. Wave 2 can not retrace greater than 100% of wave 1.
註釋
Update:
so the markets have been crazy lately, the cup and handle failed and the coin is now on a slow decline. I exited but have my eyes on this one for reentry.
The next safer areas to buy can be the 23% fib retracement at 7400 sats, or at break of downtrend with volume and a few closing candles to confirm breakout.
It is a bit risky to buy before a break of downtrend because you never know how much something can bleed. If the 23% retrace doesn't hold, we could see a further dip to a full retrace to ATLs following the binance listing.
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