Bearish wedge - potential breakout to the downside
Zaktualizowano
At the early stage of this bullish run, I was optimistic that ATH would hit 100k in 2024.
However, we are experiencing a possible reversal to the price range between 48k to 54k(99EMA and 200EMA) from the daily chart, which could take up to a month from now.
At this point, I've closed all my positions. My strategy is to monitor how it tests the ascending wedge's support line. There is a chance that the bulls might struggle to resist the sell-off momentum along this line, leading to one more throwback before the massive reversal comes into play. If that happens, you can aim to close your profit at around 75k.
Alternatively, you could choose to liquidate your positions in a conservative manner.
However, we are experiencing a possible reversal to the price range between 48k to 54k(99EMA and 200EMA) from the daily chart, which could take up to a month from now.
At this point, I've closed all my positions. My strategy is to monitor how it tests the ascending wedge's support line. There is a chance that the bulls might struggle to resist the sell-off momentum along this line, leading to one more throwback before the massive reversal comes into play. If that happens, you can aim to close your profit at around 75k.
Alternatively, you could choose to liquidate your positions in a conservative manner.
Zlecenie aktywne
We are now heading to the support line. keep an eye on the zone around $66,600.Zlecenie aktywne
The altcoins market crashed suddenly. ADA down more than 20%.
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