Attention: Before anything else, be aware that holding and keeping exchange tokens carries its own specific risks. If something happens to the exchange or it goes bankrupt, the token of that exchange could potentially drop to nearly zero (like the FTX exchange token).
It seems to be within a diametric pattern, and it is now likely starting wave E.
The targets for wave E are marked on the chart.
As long as the price remains above the green zone, it can continue a good upward trend in the medium and long term.
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
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.