An idea for a zone orientation to work in the main trend. From the maximum pumping, the price went down by -96%. A huge downward wedge was formed, % volatility step is decreasing. Price is at the wedge resistance (downtrend line of the main trend)
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Line Chart.
Secondary trend. Time frame 1 day. (Zone for work).
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Trade closed: target reached
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+196 %
Trade active
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1 03 2024 after local pump +196% pullback to the level of 3,010. From it and reversal. Now the price is retesting the previous resistance. A formation like an ascending triangle is being formed. If the breakthrough - further formation of the pump-bowl. Key levels and percentages to them from the reversal zones on the chart.
Trade closed: target reached
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down from 4,871 by -15,69% (-18,44) to the dynamic big bowl support zone and reversal. Now in momentum local pump from 5,550 about +50% at the moment to the first minor resistance zone 9,050. From the reversal about +330%. There is a fractal similarity in the developing trend.