MINA SWING LONG IDEA - CRYPTO MARKET ALTSEASON
The price ran 2023’s swing lows and got rejected with an impulsive wick, bringing it back into the 2023-2024 range. I believe this action has reached the max pain point for this coin.
After sweeping significant lows, the price showed strong upward momentum, breaking the weekly structure and initiating a bullish trend. The daily upward momentum is also increasing, which suggests we may see some retracements, but the target is the purple lines, 2024 highs, and potentially smashing all-time highs.
The fundamentals of this coin are also strong. I believe the coin’s fundamentals will act as a catalyst, driving strong bullish momentum during the 2024-2025 altcoin season.
After sweeping significant lows, the price showed strong upward momentum, breaking the weekly structure and initiating a bullish trend. The daily upward momentum is also increasing, which suggests we may see some retracements, but the target is the purple lines, 2024 highs, and potentially smashing all-time highs.
The fundamentals of this coin are also strong. I believe the coin’s fundamentals will act as a catalyst, driving strong bullish momentum during the 2024-2025 altcoin season.
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Making profits. Almost target 1 hit.
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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.