DOTUSDT as in the chart has reach the bull zone and also started showing momentum weakness my current strategy is entering with a calculated risk as in the arrow for me there is no stop loss check highlighted zones and manage your risks win small or big but ALWAYS loos small to 0 :)
PLTR just entered the Bull Zone from which it took off after the IPO.
The current sell off has weak momentum, therefore, a reversal is expected and the chart shows the targets
For me, there is no stop limit the next adding zone will be 9.84 The company is in the CYBER SECURITY and has a future potential (IMO)
Wish been in downtrend for a while we might see a reverse closing 15.09$ wave then will update other than this if the company is not going to be close we must see a reversal :) JK
MANAGE YOUR OWN RISKS this is only my opinion
1- BTC raide and forms small B wave then lower to form C then B/O 45492 with high momentum that i would say the end on the correction and the targets are 96 K then 103K
2- BTC makes a range on the 15 min chart for sometime then breaks down with momentum that i would say means correction is still no yet finished and we might see 30s again or even 20s
Still bearish on XRP due to a high momentum on the waves
to see a near reversal we need to consolidate over 0.89 and 1.02 and make any correction pattern then B/O other than this will still bound to see 0.60 again ( at least)
The first scenario is the completion of a corrective pattern (equal to or greater than the black line inside the circle to become larger than the running flat below and the breach of the red range with higher momentum
Here the targets will be as follows
First the previous high 4850 and then 7,043 dollars
The second scenario: Failure to breach the selling wall,...
last wave was having a higher momentum there for another downtrend is expected see highlighted in orange range showing entry range
keep in mind Targets are speculations the Sure thing is there is more downtrend on the short term
BE CAREFUL!! MANAGE YOUR OWN RISKS!!
DO YOUR OWN DD!! THIS IS NOT A FININCIAL ADVICE
as in the chart there are two scenarios
1- consolidate until around 15th Feb then any strong B/O with confirmation ( closing over the current range ) means the end of the correction and about 80% chance it should not re visit these prices any time soon and target should be first last high 69k then 103k.
2- we fail to hold the current area and Breakdown to visit...
last correction wave structure almost completed I am keeping a close eye on the current range any B/O with Momentum will be my confirmation of starting the bull wave.
be careful and manage your own risk and do your own DD this is my personal opinion
happy hunting !!
DENTUSDT I am still bearish on the mid range since last down wave was having a higher momentum.
however on the short term once we break out of the current range with higher momentum we might start testing the targets on top.
i will always keep tight stop specially when i see down move with higher momentum.
C wave from a Running Flat also as a confirmation there is no divergence on the downside since 69K one more push is expected with a divergence before looking for a reversal and entry
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