In today's review, the trading plan for the API3USDT derivative.
If you pay attention to the logarithmic scale and the structure of waves for the medium-term, it is quite possible that the price correction from the historical maximum (about $10) could have ended.
Locally, an upward momentum was formed in a presumed wave A or 1, after which a correction was also formed. The risk that the price could once again fall to the established low still remains.
I am determined to win back the upward momentum in wave 3 or C by gaining a long position; and I expect price to recover to at least $3.5-$4.
A conservative method of opening a long position is to wait for the completion of the local wave 1 and the formation of a correction in wave 2, then open a position on a breakdown of the maximum of wave 1.