Before anything else, you should know that this coin is risky and highly volatile.
It appears to have turned bearish, with a bearish CH (Change of Character) visible on the chart, and the trendline has been broken. However, the candles are approaching a support zone.
In this area, you can enter a position with proper risk and capital management. Since the zone is relatively wide, you should enter the position in a laddered (step-by-step) manner.
The targets are marked on the chart.
A daily candle closing below the invalidation level will invalidate this analysis.
Do not enter the position without capital management and stop setting
Comment if you have any questions
thank you
It appears to have turned bearish, with a bearish CH (Change of Character) visible on the chart, and the trendline has been broken. However, the candles are approaching a support zone.
In this area, you can enter a position with proper risk and capital management. Since the zone is relatively wide, you should enter the position in a laddered (step-by-step) manner.
The targets are marked on the chart.
A daily candle closing below the invalidation level will invalidate this analysis.
Do not enter the position without capital management and stop setting
Comment if you have any questions
thank you
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🔥 Profitable signals are only posted on our free Telegram channel: 👉 t.me/iMoney_T
🔥 Profitable signals are only posted on our free Telegram channel: 👉 t.me/iMoney_T
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.
🔥 See hot signals and top analyzes on our free Telegram channel: 👉 t.me/iMoney_T
🔥 Profitable signals are only posted on our free Telegram channel: 👉 t.me/iMoney_T
🔥 Profitable signals are only posted on our free Telegram channel: 👉 t.me/iMoney_T
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.