Stella (ALPHA) - 5000% return

On the above weekly chart price action has corrected 98% in a downtrending channel since February 2021. A number of reasons now exist to be long, including:

1) Price action and RSI resistance breakouts.

2) Price action exits a near 2 year consolidation.

3) Price action confirms a trend reversal with the first higher low higher high since 2020.

4) The downward channel or Bull flag confirms a breakout. The flagpole extension measures out at 8600%.

Is it possible price action corrects further? Sure.
It is probable? No.

Ww


Type: trade
Risk: <=6%
Timeframe to take a long position: This month
Return: 5000%

Trade active:

GRM support confirms.

Now it is unknown to me as it is the next person if 8000% prints again in a ridiculous 12 week move until June, but it will be fun finding out.

Meanwhile there has been a number of frustrating messages from the public in the last 48-72hrs:

"Hi WW. I sold all my alts yesterday and today…well. :face_holding_back_tears:.
I have money to invest but I need help”

The market is doing what it does, flushing out emotional traders.
Trading less = winning more.

Trade active:

If you're looking for a good long entry, don't ignore this day.

Comment:

A golden opportunity.

Comment:

Price action re-enters the consolidation area.
It is incredibly improbable price action corrects below 9 cents.
Therefore every step closer it takes to that level.... act.