On the above 2-week chart price action has corrected 95% since early 2021. A few reasons now exist to consider a long position:
1) Price action and RSI resistance breakouts.
2) Support on past resistance confirms.
3) Trend reversal. A higher high prints.
4) The wedge pattern allows for a price action forecast to 130.
Is it possible price action corrects further? Sure.
Is further correction probable? no.
Ww
Type: trade
Risk: <=6%
Timeframe for long: Sooner than late, from $9 at best.
Return: 1200%
1) Price action and RSI resistance breakouts.
2) Support on past resistance confirms.
3) Trend reversal. A higher high prints.
4) The wedge pattern allows for a price action forecast to 130.
Is it possible price action corrects further? Sure.
Is further correction probable? no.
Ww
Type: trade
Risk: <=6%
Timeframe for long: Sooner than late, from $9 at best.
Return: 1200%
Trade active
Comment:
Past resistance confirms support.
Trade active:
Up 90% since I wrote that above comment 9 days ago.
Support and resistance, understood by so few and Mumbo jumbo to everyone else.
Support and resistance, understood by so few and Mumbo jumbo to everyone else.
Comment:
**Swing trade **
If you don't want to eat a 30% correction sandwich, exit. Otherwise Bon Appétit.
If you don't want to eat a 30% correction sandwich, exit. Otherwise Bon Appétit.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: www.patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: www.patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR