MPL Position Trade Bullish Volatility signal confirmed on the Weekly. Last time this printed it yielded a 7x in about 6 months. Daily seems to have printed a bullish star reversal pattern as well. Will look to sell around February.
MPLUSDT trade ideas
MPL, still undervaluedMPL/USDT (Maple Finance)
Sector: RWA
Market Cap: $60M
Maple Finance is a project aiming to redefine lending markets. The token was launched in February 2022 and attracted a lot of liquidity at the end of 2023: This project, which has never experienced a Bull Market, seems very undervalued with a TVL of $230M and a Market Cap of $60M, for over SEED_TVCODER77_ETHBTCDATA:4B borrowed.
We can see on the chart that, after the sharp rise at the end of the year, we began to consolidate for several months, bouncing many times on the horizontal support that has sustained the price since December 2023.
Location is a good opportunity to start a DCA on this undervalued RWA project, which is not yet listed on major exchanges.
MPLUSDT1. MPL Selling/Exit Plan
2. All profit taking Targets are at weekly supply Zones.
3. Selling increases as trend increases.
4. Reducing balance method so you will still have 60% of your bag if we reach ATH/Price discovery.
5. Estimating top at $128 but could be much higher.
MPLUSDT1. LSE:MPL confirmed higher high.✅
2. Diagonal resistance broken.✅
3. Big buy order wick at Support after retest✅
4. Target 1: $21
5. Target 2: $28
Very similar set up to $Tru.
NYSE:TRU and LSE:MPL are held by the same crypto hedge funds so trade similar.
MPLUSDT1. Maple appears to be forming a massive Cup and Handle formation on the weekly.
2. Measured move of the pattern is 34 cents. A 2x from here.
3. But I think 66 cents is possible due to lack of resistance above.
4. A lot major crypto funds hold this so it should moon.
mplmpl technical analysis basically on elliott waves Principle
mpl can be make a new high
wait and watch
