Tap Fantansy 960% Growth Potential: Trading Strategy Explained Good afternoon my fellow trader, we are looking at the chart for Tap Fantasy (TAPUSDT) and there are multiple factors to consider.
We have a nice potential for growth here and we will support this with recent past action. Let's get started.
In October 2023, TAPUSDT produced a low and rounded bottom, it moved immediately to produce a bullish wave and two months later it was 969% up. This wave shows that this pair can easily grow 900% and it can do so fast.
After the peak in December, we have a major correction, and this is the interesting part. The correction produces a low and suddenly the action turns flat, sideways. It goes from super steep down, to 100% flat. And it is flat (consolidating) for three months.
From this flatness a new bullish wave can develop and we have another 960% potential. We know this is possible, easily, because it already happened last year. We know it is possible also because the last low went much lower than October 2023, which means that sellers sold as much as they wanted to. Once the selling is over, the market can reverse with a vengeance.
With all this said, the pair can move lower because the market can always move in any direction. There is potential for growth and a strong bullish wave but there can be another drop or several drops before this bullish wave shows up. What to do?
Prepare for all scenarios. For example, if prices drop, you can choose to buy more or to simply hold long-term. If prices drop, there is the option to sell at a loss and move on. If prices go up, we are green and the rest is to wait for the targets to hit.
Just knowing in advance what to do if a certain scenario develops is enough to not be caught off-guard. Since we are trading at new all-time lows, a drop should be bought.
I will start sharing now how to approach the targets in the next series of articles. We are already done with the buy and hold. The next lesson is how to take profits, we will unravel this in the next 300-400 posts.
Thank you for reading.
Namaste.
