Band Protocol Super Early Bottom Signals (340% Potential Mapped)Some pairs are already moving, strongly, while others are yet to move. I always prefer the ones that are near support, before the action, because it is much better to be in early rather than late. We also have less risk and a higher potential for reward.
Not all trades hit. Some will move down and fail. We do not use stop-loss, in the sense of placing an order on the exchanges because this can be counterproductive, but we do use a manual stop-loss but focused on the long-term. If a pair doesn't move for a long while and moves below support, market conditions change, or it no longer looks good, we can let it go. But if the pair remains sideways for long, this might even strengthen the bullish potential; patience is key.
We are looking at Band Protocol vs Bitcoin (BANDBTC). It is early here because we have no strong reversal signals, yet.
A major low was hit in July 2024 and no new lows. This last low, the ATL, came in with very low volume, telling us that the bearish trend is losing strength. Both the daily MACD and RSI are on the bullish zone, and this while the pair trades very low. Low prices with strong oscillators can be an early reversal signal.
There is a very strong, long-term bullish divergence with both, the MACD and RSI on the weekly timeframe, since June 2023. This signal predicts an upcoming change of trend.
I hope you find this information useful.
Thank you for reading.
Another bottom.
Namaste.
