This is what this secondary trend looks like on a line chart.
I want to note that the price of excess profits has been in the main trend since the beginning of trading, the coin is quite fresh.
Therefore, if the work is long, then only "pull out" the price movement without the accumulation of large positions. If the mirror level of the “wedge support” (gray zone) is broken, then a huge potential for short-term work opens up. But at the moment I'm working with a wedge.
Observe risk management in your work and this is very important - limit possible losses with the help of a stop loss, this is very important with such excess profits. But, don't be greedy, take into account the intraday volatility of the trading instrument. If it knocks out and the pump continues to work without you, it's okay.
The reversal zones and the main levels on which the development of the trend will depend, I showed on the chart. Explore ideas for working in a minor trend in detail.
Secondary trend (a trend worth working in when an acceptable entry point occurs). Deadline 1 day. Candles. Logo.
Comment
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The price is further held at the wedge resistance.
You need to be aware of this when trading SAND—Pre-Exchange sell-offs:
There were token safeties (pre-exchange placements) of 3 pieces. Profits on token seals to the current price (rounded for easy understanding):
When the market “shuts down” this coin at super profits can give tremendous potential in shorts. Including fantastic, judging by the entry price of early investors. You probably realize that every coin unblock drains into the market no matter the price, since any price is a super profit.
The timing and number of coins (the whole point) are designed so that there is no significant impact on price when the market is stable.
As I described and showed earlier, at this point it is possible to work locally and pull out movements, necessarily limiting losses. Right now, the price is under the resistance of the wedge. I have shown a local potential work.