3) Support and resistance (green channel). Price action confirms support on past resistance.
4) A hammer candle prints on the weekly support and the 21-week EMA.
5) The target area is measured as price action prints a macro flag pattern. A measured move from the flagpole takes price action to 7 cents from the breakout. 100x
Is it possible price action corrects further? Sure. Is it probable? No.
Ww
Type: trade Risk: <= 6% Timeframe for long: Remainder of March 2024 Return: 4000% from current levels
Handel aktiv
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Past resistance confirms support. On Multiple time frames.
The next move could be impulsive just like FARM. Don't be the one of many folks who messages me with "I missed this one, do you think it will test the low again?"