decent setup, doesn't get much better than this. this is why we got into crypto, these asymmetric risk to reward plays. bet $1000, worst case you lose it all, best case 100k...
a lot of people were excited about ONE last cycle... Are they still in the game?
See linked BTC chart for why my charts are so bull.
The Trade:
Preferred Entry: $0.0107 or a 0.168 retrace of this impulse wave (if we get one)
Ape Entry: $0.014
Stop: $0.01
Resistance: $0.08917 - bear golden pocket + $0.119 order block.
Target: $1.47
D.Y.O.R. DO NOT BLINDLY TAKE THESE TRADES. Never Trust. Verify. PLEASE DO YOUR OWN ANALYSIS. This is not financial advice. These are just my observations.
Technical Analysis is not about being right, it's about increasing your odds. Be prepared to be wrong. Risk management is key. Capital preservation above all else.
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