HoneyUSD has broken below a key local support, now acting as resistance. This breakout signals a potential continuation to the downside, completing the impulsive wave sequence as shown on the chart. However, there is also a possibility that the move terminates at wave 3 without reaching wave 5.
Regardless of the outcome, both ranges present strong accumulation zones. Targets for the mid-term and final setup are outlined on the chart.
What are your thoughts on this setup? Drop your insights below!
Regardless of the outcome, both ranges present strong accumulation zones. Targets for the mid-term and final setup are outlined on the chart.
What are your thoughts on this setup? Drop your insights below!
Trade active
Corrective action for the last wave is underway.Trade closed: target reached
Bearish target achieved. Time for long accumulation 
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📢Follow the official links only! Trade smart, stay safe! 🎯
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
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.