Secondary trend. Potential reversal zone. Working in a downward channel. Locally, the "Dragon" pattern may form. Potential reversal zone.
Shown are % of potential reversal zones: 1) "Dragon" pattern (confirmation)—long to channel resistance (red). 2) No confirmation—the secondary trend line (purple) was not broken—short entry to the lower border of the channel. 3) Long entry from the lower border of the channel
The coin is on XXX. Distribution area. For those who do not understand, large market participants who hold the price in a certain range, sell their positions (gained in the accumulation before the pamp_) to the hamsters. To discount_significant volume and not collapse the price - it takes time, and to make "waves of interest" for traders and "hamsters".
You can earn on it locally, if you limit the risks. Roughly speaking, if you work as a trader and not as a "hamster". This work is for traders only.
Coin in the markup: SushiSwap
Main Trend Understand where the price is and where this zone to work.
Comment
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From pivot zone, 3.4 level -38% to 2.337 Fall to 1.28 (-67%) of this over-pumped (+600%) coin.
Comment
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1.128 has become the key "level" of the formation of the accumulation channel with a step of 108% at the moment for more than 11 months