hi traders,
We were promised the alt season but it look like there's a chance that it will get delayed a bit.
A lower high is not what bulls want to see.
The price is approaching the key support. If it fails, it may get ugly.
Even 40 % drop is in the cards.
If the support holds, we may get the bounce and more consolidation.
If you want to short, wait for the breakdown with a volume surge to avoid the fakeout.
3 targets are shown on the chart. Take profit when the price reaches each of those targets.
If you're bullish, long at the support and put the stop loss around 0,27.
The target for bulls may be at the downsloping resistance line.
Good luck
We were promised the alt season but it look like there's a chance that it will get delayed a bit.
A lower high is not what bulls want to see.
The price is approaching the key support. If it fails, it may get ugly.
Even 40 % drop is in the cards.
If the support holds, we may get the bounce and more consolidation.
If you want to short, wait for the breakdown with a volume surge to avoid the fakeout.
3 targets are shown on the chart. Take profit when the price reaches each of those targets.
If you're bullish, long at the support and put the stop loss around 0,27.
The target for bulls may be at the downsloping resistance line.
Good luck
Trade active
Target 1 for shorts reached. 💥 Free signals and ideas ➡ t.me/vfinvestment
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
💥 Free signals and ideas ➡ t.me/vfinvestment
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.