Long

TVK/USD Secondary trend. -98% Wedge. 10 10 2023

Updated

Logarithm. Time frame of 3 days. Secondary trend. Downward wedge. The first local target in case of breakout, i.e. breaking of the downtrend line (inevitability sooner or later).

On such crypto dump/dump scams (pardon the bluntness) it is important to observe risk management, understand the risks and potential in advance. Take a local target and forget it. After that you are not interested in what happens next (there are hundreds of such phantoms). Due to low liquidity and "murdered faith" the price can do anything at certain moments. Observing risk management you can earn on such things, but if you have problems with it - "go around the side" (although this applies to trading in general).

This is how this zone looks like on a linear price chart.

Major trend. Large time frame 1 week, to understand the zone to work.

TVK/USD Major trend. 10 10 2023

Trade closed: target reached

+40% from wedge breakout

Trade active

Trade closed: target reached

almost +80% at the moment.

Trade active

Trade closed: target reached

second target reached +105% from reversal - breakout. Tomorrow 9/11 (now only 15:15 in NYC) an impulse (rising flag e.g. to zone 38) on BTC is possible or soon. If this happens (BTC cycle 2 fractal clone, the beginning of the "participation" phase), it could have a positive effect on alts, especially mid-liquidity, closer to low liquidity, which have not had trend reversal impulses yet, or they were not at a significant %.

Also remember, about HYIP garbage and various "meme-technologies", the lower the hype (sell at any price, move to create interest, excitement, "sense of lost profit") the greater the profit in the moment (took the profit and forgot about the phantom).

Always protect your profit (part or all of the position according to your risk management), especially if it is significant regardless of the trend direction. The ideal tool for this is a banal stop-loss. It is more rational to use OCO orders like on Binance (take profit + stop at the same time).

Trade active

Trade closed: target reached

coin was delisted from Binance, but it did not affect the pamp. The price reached the level of 0.058, which is +207% from the breakout zone or +135% from a safe entry point. For now, the price is consolidating in this zone on such a large mean term profit.

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