1. Context & Structure
• Tested & held the monthly support zone around $0.876–$0.883
• False break below followed by quick reclaim—sign of seller exhaustion
• Forming a “cup-and-handle” style recovery after prolonged sell-off
• Market-wide altcoin bottoming in sync
2. Key Levels
• Buy Zone: $0.876–$0.883
• Stop-Loss: weekly close or 3D close below $0.701
• Take-Profit 1: $1.413 (next 3D swing high & supply zone)
• Take-Profit 2: $4.036 (upper range / untapped highs)
3. Trading Plan
– Primary: Scale in full position across $0.876–$0.883; trail stop below $0.701
– Alternate: If price dips back to $0.701 & reclaims quickly, consider re-entry on the reversal
4. Triggers
– Bullish 3D close above $0.883 with volume spike
– Sweep of $0.876 with fast recovery above $0.883
– Broad altcoin strength confirming synchronized bottom
As long as $0.876 holds, the mid-term long thesis stays valid. Targets at $1.413 and $4.036 offer 61% & 359% upside, respectively. Trade the confirmed bottom—patience and discipline win. 🚀
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.
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.