In what range should we buy "X" ?
Note: Do not use this analysis for sell/short positions.
X managed to pump more than 1500% after being listed on exchanges by attracting creative attention.
But we should not be emotional to buy again and we should control our emotions and wait for X to reach the cheap price areas.
It seems that this bullish wave is over.
We have identified a support range on the chart, which will be our buy range.
The target can be the red box.
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
X managed to pump more than 1500% after being listed on exchanges by attracting creative attention.
But we should not be emotional to buy again and we should control our emotions and wait for X to reach the cheap price areas.
It seems that this bullish wave is over.
We have identified a support range on the chart, which will be our buy range.
The target can be the red box.
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
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