Hi traders !
Long-term investors didn't lose their interest in this asset during the bear market. We can observe a beautiful accumulation for more than 2 years.
Now that the uptrend has started, we are trying to turn the previous resistance levels into support, which may indicate a good entry point for a trade or a Dollar Cost Averaging strategy with a limited risk and high potential return on investment.
The next big level of resistance will be located around $245, which may be a good area to take some profits.
What do you think about ? Feel free to share your opinion !
Long-term investors didn't lose their interest in this asset during the bear market. We can observe a beautiful accumulation for more than 2 years.
Now that the uptrend has started, we are trying to turn the previous resistance levels into support, which may indicate a good entry point for a trade or a Dollar Cost Averaging strategy with a limited risk and high potential return on investment.
The next big level of resistance will be located around $245, which may be a good area to take some profits.
What do you think about ? Feel free to share your opinion !
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