On he above 4-day chart price action has corrected 95% since $30 in 2021. A number of reasons now exist to be long, including:
1) Price action and RSI resistance breakouts.
2) Price action confirms the 21-week EMA (Green line), now a bull market.
3) Support and resistance. Look left (black arrows). Price action confirms support on past resistance.
4) The falling wedge breakout confirmation may now be used to forecast the market top for this alt.token at 1400% from the lows. That’s just shy of $30.
5) This idea is remarkably similar to the idea on FIDA that was recently published before printing a 90% move inside 15 days. See below.
Is it possible price action corrects further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6%
Timeframe for long:
You know how many messages I received asking if FIDA would come back down to fill long orders? The market is now considerably oversold. Don't be one of those folks!
Return: 1200% from current levels
FIDA idea for comparison.
1) Price action and RSI resistance breakouts.
2) Price action confirms the 21-week EMA (Green line), now a bull market.
3) Support and resistance. Look left (black arrows). Price action confirms support on past resistance.
4) The falling wedge breakout confirmation may now be used to forecast the market top for this alt.token at 1400% from the lows. That’s just shy of $30.
5) This idea is remarkably similar to the idea on FIDA that was recently published before printing a 90% move inside 15 days. See below.
Is it possible price action corrects further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6%
Timeframe for long:
You know how many messages I received asking if FIDA would come back down to fill long orders? The market is now considerably oversold. Don't be one of those folks!
Return: 1200% from current levels
FIDA idea for comparison.
Trade active
GRM support confirmed.Trade active
grab itTrade active
Did you grab it for cheap?Note
scalpers, 1.85
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.