It is one of the few altcoins demonstrating strength by bouncing directly from support and maintaining its position. Higher Highs (HH) and Higher Lows (HL) are evident in the lower time frames (LTF).
- Outlook: Bullish for the upcoming weeks - Risk-Reward (RR): 1:13 (Highly lucrative) - Invalidation: A daily close below $24.62
Trade Setup: Monitor the chart closely for optimal entry points.
Do follow me for more and please hit the like button.
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.