On the above weekly chart price action has corrected 80% since late 2021. A number of reasons now exist to be long, including:
1) Price action and RSI resistance breakouts.
2) Price action confirms support on past resistance.
3) Trend reversal. The first higher high / higher low has printed since 2021.
4) A pennant formation with confirmed breakout. A reliable chart pattern with predictable targets. The Flagpole (blue line) is used to measure the target ($2) from the breakout point. Very similar to the attached MATIC idea @ 1 cent.
Is it possible price action corrects further? Sure. is it probable? No.
Ww
Type: trade Risk: <6% Timeframe for long: This month Return: 3500%
Trade active
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GRM support confirmed + support on past resistance, all on the weekly chart.
@without_worries, Sir what are those settings for the Divergence for many indicator ?
without_worries
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@frlcrypto, Settings that follow stochastic RSI rotation period from -20 to 80+ in other words you can't use the same settings for different time frames.
@without_worries yea 1 out of 100 posts. thats just luck. your clv, celo, hifi, front, ygg all failed and many more to list.
without_worries
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@tradetowin81, My strategy is not advertised publicly. Don't make choices following a stranger on the internet and complain when it doesn't work out, do your own research.