TVK/USD Major trend. 10 10 2023

Logarithm. Time frame 1 week.

"Dying" cryptocurrency that is traded on major liquid crypto market exchanges. Previously traded (all ideas naturally not public) this dump/dump scam. Profits were substantial. All previous ideas fixed in the links.

At the moment -98% of the peak pumping price.

The very idea of such a scale time frame in order to understand in what price zone is the zone to work and what prospects.

The main trend is clearly downward. A huge wedge has been formed.

The secondary trend is descending, which similarly formed a wedge after the breakout of the horizontal channel with a huge % step of about 160% (liquidity).


Linear price chart.

Secondary trend and localized work.

Comment:

Time frame of 3 days. Secondary trend. Downward wedge. The first local target in case of breakout, i.e. breaking of the downtrend line (inevitability sooner or later).

On such crypto dump/dump scams (pardon the bluntness) it is important to observe risk management, understand the risks and potential in advance. Take a local target and forget it. After that you are not interested in what happens next (there are hundreds of such phantoms). Due to low liquidity and "murdered faith" the price can do anything at certain moments. Observing risk management you can earn on such things, but if you have problems with it - "go around the side" (although this applies to trading in general).

Trade closed: target reached:

coin was delisted from Binance, but it did not affect the pamp. The price reached the level of 0.058, which is +207% from the breakout zone or +135% from a safe entry point. For now, the price is consolidating in this zone on such a large mean term profit.