Accumulation Phase under finalization

Price Range: $0.40
Duration: Last month
Indication: Strong support and accumulation at this level suggest a solid base has formed, indicating potential upward movement.
Anticipated Price Movement
First Target: $0.60
Reason: Initial resistance level; a break above this could confirm the continuation of the uptrend.
Second Target: $0.75
Reason: Following the break of the first target, this level represents the next significant resistance and potential profit-taking zone.
Entry Strategy
Ideal Entry: Now with confirmation of upward momentum.
Exit Strategy
First Target Exit: Partial profit-taking at $0.60 with a trailing stop loss to protect gains.
Second Target Exit: Additional profit-taking at $0.75 or hold with a tight stop loss depending on market conditions and momentum.
Risk Management
Stop Loss: Set a stop loss slightly below the accumulation range (e.g., $0.38) to minimize potential losses if the anticipated breakout fails.
Position Sizing: Allocate only a portion of the portfolio to this trade to manage overall risk exposure.
Considerations
Market Sentiment: Stay updated on overall market sentiment and news that could impact the token's price.
Volume Analysis: An increase in trading volume can confirm the strength behind the move.
Trend Analysis

Disclaimer