ABT - Long-term bullish, short-term neutral
Updated
ABT has been building bullish momentum at the bottom of the range. We are coming out of peak fear on the daily charts and hit a pocket of buyer momentum. Revising my previous idea for ABT so new TP levels 3.32 and 4.98. This is a long-term trade, my invalidation level is 1.51 or lower on the daily. I consider this a high-risk, high-reward play that will take weeks or months to play out. We aren't at peak fear yet on the weekly so could see some temporary selling pressure to 1.66 in the short term if we don't have sustained buying through the Sunday close.
Note
Trimmed this position defensively today based on the selling pressure across the wider crypto market.
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