Sell zone: 0.00014xxx- 0.00015xxx
My buy zone: 9600-12000
Green lines are targets 1, 2, and 3.
So what happened? Didn’t everything look so “MAGNIFICENT” and “UNSTOPPABLE” but a couple of months ago?
Well yes, it did. In the long term, my view has not changed but who knows when we can eventually break out of this lower price range? I believe that will depend highly on fundamental factors and there is little information about when the main net may be released. However, that is what makes me so dedicated to this coin, as they know they need a product that works as well as possible before they release it, like many shovelware sh*tcoins.
Firstly, we reached the target of a big at around 15400 sats . Pretty good call right there. That’s also the end of a 5 wave impulse structure, or something like an WXYXZ triple wave combo. That also created a pretty nice , although we did manage to make a slightly higher high. Personally, I sold before the huge pump as I expected a false breakout as I was watching the divergence. I knew that pumping to the region was a possibility, but in this case I wanted to take a conservative entry. Now that just makes the divergence even stronger!
Take a look on the and and you can see that they were going down, as the price was going up. As a result, I have plotted my targets based on past resistance and support.
Alright that’s it! Hope you enjoyed and hit like to follow the idea to be informed about updates.
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