Hello, Traders!
When the Index (Bitcoin) rises, most altcoins either lag behind in growth or on the contrary begin to lose value.
This can be used to get discounts on fundamentally strong assets with a clear team and a strong market maker.
At the moment, the price of the asset has gone under the MA100 and MA200 on the daily timeframe, which shows signs of weakness.
In the long term, we can seek purchases on a correction:
30% of the position may be gained in the range of $267 - $339
70% of the position may be gained in the range of $185 - $245.
The range for an exit by stop-loss is $85 - $125
Price levels would be buy targets
$492
$608
$691
$786
$852
Risk/profit ratio 1/5 ✅
Good luck and watch out for the market!
P.S. This is an educational analysis that shall not be cosnidered a financial advice
When the Index (Bitcoin) rises, most altcoins either lag behind in growth or on the contrary begin to lose value.
This can be used to get discounts on fundamentally strong assets with a clear team and a strong market maker.
At the moment, the price of the asset has gone under the MA100 and MA200 on the daily timeframe, which shows signs of weakness.
In the long term, we can seek purchases on a correction:
30% of the position may be gained in the range of $267 - $339
70% of the position may be gained in the range of $185 - $245.
The range for an exit by stop-loss is $85 - $125
Price levels would be buy targets
$492
$608
$691
$786
$852
Risk/profit ratio 1/5 ✅
Good luck and watch out for the market!
P.S. This is an educational analysis that shall not be cosnidered a financial advice
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.