On the above 4-day chart price action has corrected 99% since January 2022. A number of reasons now exist to be long, including.
1) Price action and RSI resistance breakouts.
2) Multiple oscillators print positive divergence with price action. The higher the time frame you go the stronger the divergence.
3) While the market has been in full panic mode volume has only increased on this token. I don’t know why. Every sell off is met with a large volume increase.
4) Not listed on major exchanges. Get in before crowd.
5) The falling wedge forecast. The forecast is measured from the highest to the lowest touch points. (Red circles). This is how a target from a wedge is forecast.
Is it possible price action continues correcting? Sure. Is it probable? No.
Ww
Type: trade Risk: <=6% Timeframe for long: Yesterday Return: 100x
Trade active
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Double GRM support confirmation. The trolls said it was a bad long entry after a 0.3x return on a 100x idea ;-) The scarcity mindset in action, a sight to behold.
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1x down, 99x more to go.
Is now the time to FOMO? For 90% of market participants, yes.
Trade active
Strap up strap on.. oh that came out wrong, let's just go with seat belts fastened.
Past resistance confirms support.
Trade active
A very reliable chart pattern. Do you know what it is? Can you see why a 150% move is about to print?
3-day
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150% move mentioned in last comment has now printed. Can you tell what comes next? There's a huge clue in the weekly chart, look left ;-)
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Well done if you figured out the last update, a correction was expected.
Past resistance now confirms support. You're out of luck if you joined the 90% selling below, the next high will be higher than the last high.
Trade active
Did you see what the weekly chart is printing?
As with many alt-tokens, last week I'll wager will go down as one of the best "buy the dip" moments of 2024.
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Sellers still trying to ski uphill I see. Will they ever learn?
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Looks like there's a 40% drop on the cards. Might be a good long entry afters. Really is a fire sale. Everything must go!
Trade active
In the last update it was written "Look like there's a 40% drop on the cards" Was closer to 50%
And today? Today it looks like price action is about to move up 150% as past resistance confirms support.
Trade active
Price action moved up 30% on the last update as support confirmed. Today the next level of support has confirmed, a higher low.
Trade active
GRM support confirmed
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GRM support failed as quickly as it was confirmed. Need to confirm next time on a higher time frame.
Currently on the 2 day chart a rising wedge pattern is forming confirm on Monday. A confirmation would forecast a further 40% correction to the 2.5 cent area.
Look left, it would be unusual to see an new uptrend begin with this bearish pattern.
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A 200% move to the upside will likely print before year end.
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take advantage
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Smash and grab that liquidity!
Huge thanks to the panic sellers!
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The market might feel boring, well it's true, it is completely boring.
My inbox is dead, not a message in the 48hrs during my absence.
It is always the way, during the excitement public ideas littered with:
"XRP will replace SWITFT can only go up from here!"
"Our glorious leader Elon will <insert wonderful things here> to DOGE"
With multiple messages of "What aboutery questions on this token or that" in the inbox, basically no strategy whatsoever.
Meanwhile no one is paying attention to the basic questions:
1) Support and resistance.
2) Trend.
You wish to separate yourself from the crowd?
Master the basics. Don't just get good, really master them, become the professor.
Allow 3-6 months on ideas. Not investment advice. DYOR
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