- Kyber network broke range lows two weeks ago, however, with that range reclaimed, this is now a likely bear trap
- target of this alt roughly 200% higher
- target of this alt roughly 200% higher
Note
Trade idea invalidated. With the latest weekly candle again closing below the macro range lows, the bear trap scenario is likely wrong. Thesis that this is a macro distribution range should now be at the forefront.
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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.