The price is currently hovering near the bottom of the parallel channel, a key area that has historically provided strong support.
* Perfect zone for spot accumulation
* Risk-reward is highly favorable from this level
* Previous bounces from this zone have shown significant upside
If the channel holds, we could expect another leg up toward the mid or upper range. Ideal for long-term holders looking to position early without high leverage exposure.
Accumulate slowly near current levels and manage downside with a soft stop in case of breakdown. Patience will pay.
* Perfect zone for spot accumulation
* Risk-reward is highly favorable from this level
* Previous bounces from this zone have shown significant upside
If the channel holds, we could expect another leg up toward the mid or upper range. Ideal for long-term holders looking to position early without high leverage exposure.
Accumulate slowly near current levels and manage downside with a soft stop in case of breakdown. Patience will pay.
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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.
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.