Previously, the price spent considerable time in an accumulation phase. After finding a bottom at $0.583, an upward trend began to form.
Currently, the price is testing a resistance level, attempting to break through and consolidate, which could indicate a continuation of the uptrend. Although unsuccessful so far, it seems to be only a matter of time. In the short term, a slight pullback is expected, followed by, in my opinion, continued growth.
Entry Plan (EP): $1.05 - $0.95
Take Profit (TP):
$1.535
$1.869
$2.222
Stop Loss (SL): $0.747
For spot positions: no stop-loss recommended.
DYOR.
Currently, the price is testing a resistance level, attempting to break through and consolidate, which could indicate a continuation of the uptrend. Although unsuccessful so far, it seems to be only a matter of time. In the short term, a slight pullback is expected, followed by, in my opinion, continued growth.
Entry Plan (EP): $1.05 - $0.95
Take Profit (TP):
$1.535
$1.869
$2.222
Stop Loss (SL): $0.747
For spot positions: no stop-loss recommended.
DYOR.
Note
At the moment, the price is squeezed between support and resistance levels. Support is at $0.953, while resistance is at $1.353. During the recent correction, the $0.850 support level held strong, signaling bullish sentiment among buyers. I expect the growth to continue.We might revisit the support level again, but in your position, I wouldn’t wait for the perfect entry point. Chasing the ideal entry can result in missing it altogether. Always use multiple limit orders, evenly distributing your intended investment.
My targets:
$1.868
$2.618
$3.369
DYOR.
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.
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.