I remain long on this asset which remains within a long squeeze. This range we are trading is phenomenal in nature providing some of the easiest entry points at pivot levels that have been highly predictable in nature. The weekly candle has about a day left and remains strongly bullish. Statistics show that the next weekly candle will be green, probability towards being a very long bullish candle if this level of volume remains high. A record amount of liquidity was removed from this market over the course of the past 2 days with volume across all exchanges reaching nearly $10 million dollar, something I have never witnessed before in this asset. With that being said, trade the range as normal however use great caution when taking insurance at resistance levels. Remember these levels are not my calls these are physical order walls that stand in the way of the asset reaching higher levels but yesterday we all witnessed level after level easily absorbed. Price remains above 20% higher than my re-entry point at 1620 pips. VARA acheived a higher low as anticipated. This aligns with unlock timing as staking restrictions pull back for those locked coins, expect more volume and rapid increase in price. Exchange listings can occur at any time with this coin taking longer than usual to list simply due to the complex nature of the blockchain integration, it will be done especially as exchanges begin to recognize that they are missing out on volume related fee income. Those of you who are new to following me, keep the following in mind always:
Trade the range until the range breaks.
Take as much coin out of circulation with each pivot entry.
We don't sell at the bottom of a squeeze range.
We don't buy at the top of a squeeze range.
This is not a pump channel, we are here to extract wealth from this range with long target upwards of $0.20 since this coin is very oversold and undervalued.
Trade the range until the range breaks.
Take as much coin out of circulation with each pivot entry.
We don't sell at the bottom of a squeeze range.
We don't buy at the top of a squeeze range.
This is not a pump channel, we are here to extract wealth from this range with long target upwards of $0.20 since this coin is very oversold and undervalued.
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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.
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.