On the above weekly chart price action has corrected 90% from $30 since November 2023. A number of reasons now exist to be long. They include:
1) Price action and RSI resistance breakouts.
2) A trend reversal.
3) Price action is at this moment confirming support on past resistance established 5.25 years ago. That is important.
4) The bull flag. A confirmation of support on the legacy resistance is also a confirmation of the bull flag. An impulsive move of 1500% to $57 area should follow.
Is it possible price action corrects further? Sure.
Is it probable? No
Ww
Type: trade
Risk: 2-3% is enough
Timeframe for long: You decide
Return: 1500%
1) Price action and RSI resistance breakouts.
2) A trend reversal.
3) Price action is at this moment confirming support on past resistance established 5.25 years ago. That is important.
4) The bull flag. A confirmation of support on the legacy resistance is also a confirmation of the bull flag. An impulsive move of 1500% to $57 area should follow.
Is it possible price action corrects further? Sure.
Is it probable? No
Ww
Type: trade
Risk: 2-3% is enough
Timeframe for long: You decide
Return: 1500%
Trade active
The moment you've been waiting for is finally here.There's about to be a Gas explosion.
Don't miss out!
Weekly
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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.