Hey guys!
Well, first of all you don't want to miss this chance!
Here's my price action analysis for this coin:
As a side note, candlestick patterns don't have a real meaning unless they happen at a high confluence zone then you really want to play attention to get on board on the train early!
Moreover, I recommend you trade SPOT this because market fluctuates and stops can get taken out in higher TF ideas. So HODL!
Targets area marked as TP1, TP2 and TP3
All the best,
Kina 🍨 The Girly Trader
Well, first of all you don't want to miss this chance!
Here's my price action analysis for this coin:
- We have a very strong upwards trendline that has been respected and bounced off from for 7 months. That's a huge hint to prove is a key area!
- It has been faked out twice and everytime it bounced off from it, came back stronger than ever.
- Last bounce we had not only it bounced off our upwards trendline but it also formed a strong bullish reversal candlestick pattern: Morning Doji Star!
- We could say it's trying to break from the downwards move (pennant, triangle) these are very subjective but it adds up to the confluence ice cream bowl.
As a side note, candlestick patterns don't have a real meaning unless they happen at a high confluence zone then you really want to play attention to get on board on the train early!
Moreover, I recommend you trade SPOT this because market fluctuates and stops can get taken out in higher TF ideas. So HODL!
Targets area marked as TP1, TP2 and TP3
All the best,
Kina 🍨 The Girly Trader
Comment:
And so it begins!!! Let's gooo ✨✨✨✨
Comment:
TP 1 HIT!
Let's patiently wait for the rest to play out. SPOT this whenever you get a retrace back to support! ♥
Let's patiently wait for the rest to play out. SPOT this whenever you get a retrace back to support! ♥
Comment:
Halfway there to TP2! Wait patiently, this is going extremely well. Manage your position accordingly.
Comment:
As long as the lower red band doesn't break, this idea is still valid in the long term!
Comment:
Re-entry possibility as price has reacted once again from our lower band trendline. As soon as it touched the zone, it got rejected which is a very good sign that this idea still stands!