💎Technical Analysis Summary💎
-Kyber Network is trading at key support area (previous resistance)
-The price retested and saw Bullish rejection
-This could be a potential double bottom if it can break previous High
-Entering at the current price is highly aggressively but with tight stop loss
-But if you want additional confirmation, enter on a...
-Daily Bullish Engulfing
-4hr Bull Flag
-VAL as support
-Testing poc for support after bull break
- Targeting below the 618 of last bear flag pivot.
Keep it Simple. Manage Your Risk. Don't Get REKT!!
//Disclaimer: This is not financial advice.
Buying around 0.0000815 - 0.000063
1 - 0.0001117
2 - 0.0001380
3 - 0.0001570
Fixation below 0.000056, the price may turn into accumulation
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Waiting for your comment, what do you think about this?
Sell on 1 hour chart
Buy on 7h chart
Sell on 3 days chart
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2 scenarios, option 1 is in orange. itll break thru the resistance and go for the purple targets. or option 2 itll reject from resistance at about 10% and come back to support before going to the purple targets. set stoploss below the previous swing low which is in red. this is not a fast trade. it looks like itll be about a 2 month hold
these targets are not...