#BANANAS31Trading ev one of the meme coin furies that extinguishes the fire of January, I wish good luck to those who entered from the top. It has dropped significantly, they will enter the market again, please be careful, these coins have no bottom...!
At 0.0071, there is still 2 million dollars in liquid here, if it gets pierced and is in a double bottom situation, I am thinking of making a purchase with a small amount of pocket money. May your earnings be plentiful.
IT IS MY PERSONAL OPINION THAT NO ONE SHOULD BE DISTURBED 2. SECTION In this part, my vision continues to the direction again, but since it is a daily chart, I am looking at it from a general perspective. I conducted such a study simply and understandably to see the similar movements of the drop in October months and the height and rise. #GOLD
The price is currently approaching the supply outlook of previous sales starting. At the same time, the relaxation that has formed within the structure (triangular-like structure) is drawing attention.
Such relaxations usually disappear with a sharp breakdown.
My scenario:
The price making one last liquidity acquisition move
breaking the acceleration lower band
If this breakdown occurs, I will look for a short position.
The chart shows a classic Wolfe Wave (1-2-3-4-5) pattern. With the change at point 5, the price is pulling back towards the rising support channel.
The critical point right now is:
The price is currently at a decision point at the channel support.
Scenario:
If the channel breaks downwards, the Wolfe formation becomes active.
First target: The middle line (equilibrium line).
If momentum continues, the second target is the Wolfe target line (sections 1-4).
In such setups, the movement is usually fast because point 5 is often the last breath of the trend.
📌 Details to watch out for: • Point 5 has extended excessively • The trend line and channel intersect in the same area • There is a regularity area in case of a breakout (potential for rapid movement)
There are no trades currently. Trigger = Channel breakout.
We will talk about it as soon as a breakout occurs.#Near