Where should we buy DRIFT?

Dec 14, 2024

It seems that from SW H onwards, DRIFT has entered a correction phase.

It could move downward from the red zone (for wave C). Along with the price correction, there will also be a time correction.

There is a fresh demand zone, where short-term buy/long positions can be considered.

The closure of a daily candle below the invalidation level will invalidate this analysis.

For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You

Dec 21, 2024

Trade closed: target reached

After the drop and hitting the identified support zone, it pumped by over 31%, hitting TP1 and TP2.