Lends: Bottom Catch (2,900% Potential)This is what I call a "bottom catch," when you catch the true bottom.
It is highly probable that we are seeing the low for this pair. This is because the second part of the decline is smaller than the first one, the market cycle, and related pairs are turning bullish right now. Lends cousins and sisters.
Other than this, here you have the highest buy volume ever happening last month, early December 2024, and a rising volume trend.
These signals are enough for us to open a position and trade.
The risk can be decided before-hand.
The risk can be limited to 10% or 20%. Some people go with 30% or 40% based on how strong the potential is. Since we have huge potential for growth, we can allow for higher risk.
Some other people buy and hold long-term.
Some other people accumulate near support and continue to buy and hold until the market turns. Can be one week, three months or three years. This is what I recommend.
I am seeing here a nice 2,912% potential for growth. With such high potential, we can easily hold or use a long-term stop-loss. I am mentioning the stop-loss but I do not like it. We are in bullish territory now, the start of a bull-market.
2,085%, that's almost 22X, another target. I believe this can be achieved easily in the first half of 2025.
Let's see...
489% is the very easy target.
What will you do?
Thank you for reading.
Namaste.
