Presearch 1,600% Bu-Wave Potential (Trading Basics)We looked at Presearch recently, vs Bitcoin, PREBTC. I don't know why but it caught my attention. Maybe it is going to be really big?
Now we are looking at PREUSDT, the Tether trading pair for the Presearch Altcoin project; the chart looks good.
On this chart we can see a series of falling wedge patterns, three of them. This is also a major bear-market; bearish action since October 2021. As the date approaches 2024, in early 2024, we see an increase in trading volume.
If you look at the daily timeframe, we have a strong bullish breakout today and the week is only starting. This pair seems to be in a transition phase and can move next; can move fast; can move strong.
Potential targets on the chart go all the way to 1,600% but there can be more. We are not greedy though, we are happy with 300%, 500%, 700% anything the market gives. Our job is to buy-in early and make sure to get out green.
My job is to show you this opportunity early, before the bullish action takes place. Your job is to make the most of this information and end-up with a successful trade.
Our strategy is very simple: We buy and hold when prices are low, we then wait patiently for the development of the bullish wave. The waiting can be 1 month, 2 months, 6 months or 10 months; nothing changes. Once the bullish wave is in and prices are up, we sell and take the profits home.
We call it buy and hold. The market takes care of the rest.
There is no stress, no anxiety and risk is very low because we trade without leverage, we focus on spot. 1,000% seems do-able for this pair. It can grow fast in the first few weeks.
Thank you for reading.
Namaste.
