Loom Network: 600% or 2,600%? Let Me Explain... (Disclaimer)

przedwczorajRemember Loom Network last year? It grew more than 1,250% in 6 weeks. This happened on both the Tether (USDT) and Bitcoin (BTC) pairs.

In 2020/21 it grew ~3,400%. I think we are set for another strong wave, simply based on past action.

Potential is huge... Loom Network has been printing higher lows long-term, and higher highs. It has been bearish since October 2023 and recently it stopped dropping after hitting the same support levels three times. We are likely looking at another long-term higher low. These are marked on the chart with black lines.

We are aiming mainly at the 624% target. That is, between 385% and 624% on the chart. This is the "easy," high probability target.

We are not greedy and such a trade, even if we had to wait, say 6 months, would be awesome. The truth is though that it can play out much faster.

Long-term higher lows signal a new higher high potential in the upcoming bullish wave, and thus the 1,630% and 2,648% targets open up. This is also a possibility and there is nothing wrong with aiming high up.

You can choose based on your preference. The way we do it, we accumulate when prices are low and instead of selling everything at one target, there is no need to be 100% right, we sell portions at each target. So we can sell some at 385%, if it keeps growing then more at the next target and so on.

Always leaving something behind just in case it goes higher... Cryptocurrency tends to surprise.

None of this information is to be construed as financial advice.

What I am writing is my interpretation of the chart.

What we call "bullish signals" points to this pair; the candles, the financial hieroglyphs, moving higher in the long-term. This "higher" we translate as certain percentages, numbers, and these numbers some people use to trade.

Whatever you do is up to you.

If you make any money, you can keep it, all of it. It is your decision, your computer, your actions; your win, your results.

If you lose any money, the responsibility is completely yours.

We are not and cannot be responsible for your actions.
You are an adult.

If you cannot accept risks, win or lose, then trading might not be for you.

If you can... Welcome to the Cryptocurrency market.

My name is Alan Santana.

Namaste.