On the above weekly chart price action has corrected 98% in a downtrending channel since February 2021. A number of reasons now exist to be long, including:
1) Price action and RSI resistance breakouts.
2) Price action exits a near 2 year consolidation.
3) Price action confirms a trend reversal with the first higher low higher high since 2020.
4) The downward channel or Bull flag confirms a breakout. The flagpole extension measures out at 8600%.
Is it possible price action corrects further? Sure.
It is probable? No.
Ww
Type: trade
Risk: <=6%
Timeframe to take a long position: This month
Return: 5000%
1) Price action and RSI resistance breakouts.
2) Price action exits a near 2 year consolidation.
3) Price action confirms a trend reversal with the first higher low higher high since 2020.
4) The downward channel or Bull flag confirms a breakout. The flagpole extension measures out at 8600%.
Is it possible price action corrects further? Sure.
It is probable? No.
Ww
Type: trade
Risk: <=6%
Timeframe to take a long position: This month
Return: 5000%
Dagangan aktif
GRM support confirms.Now it is unknown to me as it is the next person if 8000% prints again in a ridiculous 12 week move until June, but it will be fun finding out.
Meanwhile there has been a number of frustrating messages from the public in the last 48-72hrs:
"Hi WW. I sold all my alts yesterday and today…well. :face_holding_back_tears:.
I have money to invest but I need help”
The market is doing what it does, flushing out emotional traders.
Trading less = winning more.
Dagangan aktif
If you're looking for a good long entry, don't ignore this day.Nota
A golden opportunity.Nota
Price action re-enters the consolidation area.It is incredibly improbable price action corrects below 9 cents.
Therefore every step closer it takes to that level.... act.
Dagangan aktif
The upside is now 10000% instead of 5000% with the recent retail capitulation.100x.
Nota
If at some point over the next days sellers provide the opportunity to pick up longs at 0.07, act. Hold until I close it, smiles will be made. Try and trade it, tears will be all you know.Nota
100% since "take advantage"... BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.