$COREUM - Eve & Eve Double bottom (Rounding Accum)
Real nice rounding bottom accumulation going on here on Coreum. Like an Eve & Eve double bottom. The idea, in any case, would be overhead supply, with these lows reaching into liquidity lower to accumulate.
While the targets here seem pretty unrealistic, this is how youd measure something like this. Similar to a right angled and descending broadening formation, which could bring us into the 618 - 786 retracement at the 2.618
Id take it level by level and take profit at each zone and extension, leaving a partial position for the full ride in the event it does play out.
Losing 0.1449 would be a red flag to me, typically once the previous range low is recaptured, youd want to see it remain that way. Its always important to excercise a little caution with smaller market cap alt coins. Stuff like this, i would typically layer into slowly, with small positions given the exceptional potential targets. You also have to keep in mind, with targets like this, you could see exceptional downside prior.
While the targets here seem pretty unrealistic, this is how youd measure something like this. Similar to a right angled and descending broadening formation, which could bring us into the 618 - 786 retracement at the 2.618
Id take it level by level and take profit at each zone and extension, leaving a partial position for the full ride in the event it does play out.
Losing 0.1449 would be a red flag to me, typically once the previous range low is recaptured, youd want to see it remain that way. Its always important to excercise a little caution with smaller market cap alt coins. Stuff like this, i would typically layer into slowly, with small positions given the exceptional potential targets. You also have to keep in mind, with targets like this, you could see exceptional downside prior.
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