AI16Z Analysis (1D)

Given the bullish CH, the breakout of the trendline, and the formation of a support zone, it appears that this token is aiming to move toward the targets marked on the chart.
Additionally, a double bottom pattern is visible at the lows, and higher lows have been recorded for this asset.
A daily candle closing below the invalidation level would invalidate this analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Additionally, a double bottom pattern is visible at the lows, and higher lows have been recorded for this asset.
A daily candle closing below the invalidation level would invalidate this analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
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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.
💎Join our Telegram channel for real-time crypto signals 👉 t.me/Behdark_EN
where traders can receive up to 30% of their trading fees back. More details: whitebit.com/m/cashback-fees-tradingview?affiliate=tradingviewcashback
where traders can receive up to 30% of their trading fees back. More details: whitebit.com/m/cashback-fees-tradingview?affiliate=tradingviewcashback
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.