Alchemy Pay (ACH)

On the above 5-day chart price action has corrected almost 80% since the 500% move from the previous idea. Now is a good opportunity to go long. Why?

1) Price action and RSI resistance breakouts.

2) Trend reversal, higher highs and higher lows replace lower highs and lower lows.

3) Price action finds strong demand on past resistance. Orange circles. Look left.

4) Dragonfly DOJI candle print. On this timeframe, you don’t ignore.

5) There is something else, will share elsewhere.

Is it possible price action could fall further? Sure.
Is it probable? No.

Ww

Type: trade
Risk: <=6% of portfolio
Timeframe for long: Now
Return: 300%

Kommentera:

A 40% correction might be seen to past resistance for support confirmation.

Kommentera:

Long from 0.022