It seems that from SW H onwards, DRIFT has entered a correction phase.
It could move downward from the red zone (for wave C). Along with the price correction, there will also be a time correction.
There is a fresh demand zone, where short-term buy/long positions can be considered.
The closure of a daily candle below the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
It could move downward from the red zone (for wave C). Along with the price correction, there will also be a time correction.
There is a fresh demand zone, where short-term buy/long positions can be considered.
The closure of a daily candle below the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Trade closed: target reached
After the drop and hitting the identified support zone, it pumped by over 31%, hitting TP1 and TP2.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
💎Our CRYPTO Telegram Channel: 👉 t.me/Behdark_EN
⚠️ Only important signals are posted on Telegram.
⚠️ Only important signals are posted on Telegram.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.