Rejection in daily. LTF Shows bullish momentum. Likely to break out of this channel sooner or later. It has already broken out of the long-term Falling Wedge starting from the Top of May 2021. There are three strategies. which you can follow if you are interested in this project.
1. Buy the breakout above the $0.312 level. 2. Buy and DCA in the dips or 3. Buy if it retraces into the blue box.
Setup and Targets:-
Best Entry:- $0.23 to $0.28
Mid-Term Targets:- 0.35, 0.38, 0.41, 0.47
Long-Term Targets:- 0.58, 0.79, 1.19, 1.76, 2.67
SL:- $0.19 (Not needed if you are looking for the long-term) Am going for option 2
For Leverage Traders? Better to swing trade this alt when the market dumps.
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