I apologize for my absence as I was on vacation. In Iran, we celebrate the festival of Nowruz which revolves around the appreciation of nature and the earth's rotation.
Now, let's shift our focus back to analyzing this magnificent coin!
It reached the QML. It started a sharp upward movement after a divergence on the MACD. It exited the ascending channel, however, not very convincingly.
Step 1: It will touch the FL area and create a long position there. This will involve minimal movement and will only be based on the stop loss.
Entry: $26680 Target: $28200
Step 2: After this, it is expected to reach the trendline as shown on the chart. The target will be dynamic and will depend on following the price and trendline at the moment.
Step 3: Once it touches the QMC and QML, it will initiate a long movement until it reaches the target that I have shown.