Many projects have completely offset all their growth over the past couple of months and provide excellent entry points for the mid-term/ long-term.
Many coins also retest weekly moving averages and profile volume levels.
The correction formed a classic triple and tested the 0.786 Fibonacci level, so now we have good points to buy on the mid-range / long-range.
Goals (medium-term): 45.80$ - 56.72$ - 67.21$ ✅
I see this on a regular basis in all chat rooms and communities. Longists drown for growth because "the crowd is waiting for shorts", and shortists drown for correction because "the crowd is waiting for long".
Everyone suddenly forgot that they were the "crowd" 😅
Soberly assess your volume in this transaction! If you overdo it and overdo it (gastronomic jargon has gone), then it is better to reduce the volume and fix part of it while the price is in the BU 🤝
The only question is how long the 5 wave can extend in this structure. The zone here is very wide (57-62%), so we probably won't get a specific point when we can safely buy a spot.
The most important thing now for longs is to hold the downtrend support and not gain a foothold below.
Then the scenario of working out the formation up will be relevant ✅
Over the past year, this indicator has pointed to the local bottom 6 times, so at the moment I would also expect an upward exit, as I wrote in this morning's review.
At the same time, Bitcoin itself has not broken its triangle formation. It has expanded slightly, but so far everything is relevant on the waves.
Today I will do a review on Domination, but so far the picture looks like we will have to continue to shorten the alt 🔽
I think that the team, as well as other projects of this level, will give out a fat airdrop for testing their network. On their website there is already a banner hanging that they are preparing for TGE. Apparently, the exit is very soon.
💵The project raised $47.9 million from top funds, such as: Animoca Brands, Coinbase Ventures, Huobi Ventures, Hashed, etc. + I have entered into many partnerships.
But it is worth understanding that in the market (and in life) everything is cyclical and temporary, so Solana also has its peak, as well as the price of the token (perhaps it has already been passed in the near future) 🤔
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