As you can see, the price is below a downtrend line, which has pushed the price down since the last ATH.
If the price drops (whether it could be due to market correction or the consequences of the Russian war) and reaches the $ 60 area, there is an incredible chance of a safe buy in the box.
If for any reason this ideal scenario is not completed and the price goes beyond the downtrend line and stabilizes above it, you can wait for a breakout and close above the trend line for the next safe entry.
The long-term price target can be in the range of $ 200, which will bring us 5 times the profit from the safe point of purchase.
This is a personal statement and please enter into a deal with your research.
If the price drops (whether it could be due to market correction or the consequences of the Russian war) and reaches the $ 60 area, there is an incredible chance of a safe buy in the box.
If for any reason this ideal scenario is not completed and the price goes beyond the downtrend line and stabilizes above it, you can wait for a breakout and close above the trend line for the next safe entry.
The long-term price target can be in the range of $ 200, which will bring us 5 times the profit from the safe point of purchase.
This is a personal statement and please enter into a deal with your research.
Note
Price is reaching our safe buy zone!Keep an Eye on Buy Zone and Only get into the buy position after seeing good reversal candlestick patterns.
Good Luck
Trade closed: target reached
1st Target Achieved, 50% Sell & Look for Next Entry Above 70$
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.