TradingView
Tracking_Technicals
Feb 23, 2024 2:59 PM

After a 300% Run Mind has Retested and Gearing for More! Long

Morpheus Infrastructure Node / TetherKuCoin

Description

First caught my attention by the scanner

🔎 *Symbol*: `MIND/USDT`
📈 *Signal*: `Long`
💲 *Current Price*: `0.005523`
🛑 *Stop-Loss*: `0.0029251700000000004`
💰 *Market Cap*: `0`
🚪 *Entry Prices*:
📥 Entry Price 1: `0.00422966`
📥 Entry Price 2: `0.00476767`
📥 Entry Price 3: `0.0052025000000000005`
📥 Entry Price 4: `0.005637329999999999`
🏁 *Exit Prices*:
📤 Exit Price 1: `0.00845267`
📤 Exit Price 2: `0.00932233`
📤 Exit Price 3: `0.01073`
📤 Exit Price 4: `0.01213767`

i realized this coin doesn't have an extensively long history, in fact it's very brief. But Recently We had a 300% Run. After that we Retested heading all the way down close to where a stop loss would be considerable at the bottom Fib Channel. On the other hand after a 300% a Correction is not only expected it's required.
Here are the the multiple reasons we'll Consider
MIND
a Continuation
We Have a Huge Breakout and the Swing Low Following Stayed above .213 Fib on Extension
Shortly After the Moving Average Providing Support Moved up through the Fib Channel it was Wicking toward during Correction
When ADX bottomed and turned around, the MACD Failed to break the signal line and signaled a buy now showing Strength
More