Step is ready Broke structure numerous time and now fliped a major S/R level. After accumulation is done we are in for a ride.
STEPUSD trade ideas
Step Finance - A potential 500% upsideIn this bull market, there is less and less opportunities to see upside. As many of the tokens have already had 10-40x returns, fewer and fewer are able to generate returns that makes it worth while. STEP Finance as a product is a great idea to help investors manage their portfolio, and led by a crypto veteran.
Why I like it?
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- This token has already reduced from the high to have a 85%+ correct. This was typically the average correction for most ALTs from 2018-2019 before they have increased in value since.
- Round bottoming structure on the charts as sellers are becoming exhausted
- SOL ecosystem and invested by Alameda and the team behind FTX.
- Will use this opportunity to help build out the product as Sam and his team try and sell the solutions of Solana vs BSC .
Why I don't?
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- Token economics are off
- Product yet to be launched
What could go wrong?
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- BTC doesn't not play well and brings the market down
- SOL ecosystem doesn't get further traction (which I doubt).
What strategy would work?
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- Spot purchases at the early stages would be key and continue to purchase as the price allows you to capture your holding cost
Potential target prices
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- Could see a bounce to the $1.70 mark to form an inverted Head and Shoulder.
- Further resistance around the $2.30 mark.
- Alot of volatility round $3.5 mark.
Major target price
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- $9.00 and above before October 2021.
