Mirror protocol - bullish divergence

On the above 2-day chart price action has corrected 90% since last month! A number of reasons now suggest this is an excellent long position, including:

1) The ‘incredible buy’ signal.

2) The Regular bullish divergence. 10 oscillators are currently printing positive divergence over a month long period.

3) The falling wedge breakout.

4) The flagpole extension measures out to a $1 target.

Is it possible price action falls further? Sure.

Is it probable? Very unlikely.

Ww

PS: not trading this, leave a comment below for an update.

Type: trade
Risk: <=6% of portfolio
Timeframe: 1 to 2 months
Return: $1 / 4x

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Comment:

This would be excellent moment...

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12hr chart prints "Incredible buy" with a higher low as before and a price action resistance breakout.

Not trying to time the market, but if I did...

12hr

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I love it when Binance announces a de-listing to purchase tokens they don't have.

Trade closed manually:

If you want to see update on this idea follow the one below.