CAT - Falling Wedge PatternKUCOIN:CATUSDT (3D CHART) Technical Analysis Update
CAT is currently trading at $0.000008225 and showing overall bullish sentiment
Price has broken out from the falling wedge pattern and we are seeing beginning of the bullish trend. Expecting this trend to continue until the price hits the resistance zone.
Entry level: $0.000008225
Stop Loss Level: $0.000004602
TakeProfit 1: $0.000011536
TakeProfit 2: $0.000011536
TakeProfit 3: $0.000034238
TakeProfit 4: $0.000065098
Max Leverage: 2x
Position Size: 1% of capital
Remember to set your stop loss.
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GreenCrypto
Catbtc
CAT ANALYSIS (4H)Note: This is a buy/long setup, do not use this analysis as a sell/short setup.
It's a meme coin, it's been bullish since listing on exchanges.
Bullish waves show a diametric pattern.
Now it looks like wave D is over and price is at the beginning of wave E.
The price has been inflated for now, we have to wait for the retest of the green range to enter.
We will look for buy/long positions in the green range
Closing a daily candle below the invalidation level will violate this analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You