On the above weekly chart price action has corrected over 90% since 2021. A number of reasons now exist for a long position, including:
1) Price action and RSI resistance breakouts.
2) Past resistance confirms support.
3) Trend reversal. A new higher high prints.
4) Price action exits a bull flag formation with a projected target of 20 cents.
Is it possible price action corrects further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6%
Timeframe for long: This month
Return: 600%
1) Price action and RSI resistance breakouts.
2) Past resistance confirms support.
3) Trend reversal. A new higher high prints.
4) Price action exits a bull flag formation with a projected target of 20 cents.
Is it possible price action corrects further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6%
Timeframe for long: This month
Return: 600%
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: www.patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: www.patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR