A major has formed and before this coin can go on a bull run it will need to flip this resistance to support.
-On the we can see price is still trending under the 100 and 200 EMAs, however is increasing and the price is already up over 100% from the lows.
-We saw a large spike up into the resistance at the end of January and the price has continued to climb.
-The price has tested the 100 once, and is now going back for a second try.
HIGH RISK IDEA
-Start accumulating now, stops below the low.
-Wait for price to flip the major to support, then scale in with stops below the .
It’s tempting to jump in now, but zoom out and see just how far this coin has room to run. There is no rush!
Your risk, your reward. This is not financial advice.