Don't trust the crypto rally!
Observing the current market conditions, it appears to be an opportune time for a pullback. I anticipate an exit point when
TOTAL
reaches the second target at 2.22T. The achievement of this target could potentially trigger a 33% pullback across the entire cryptocurrency market.
It's crucial to note that as we approach this target, there might be a misconception in the market. While some may interpret the break of the previous high at 2.16T as a signal for continuous upward momentum, it aligns with Target 2 for harmonic and the High-Frequency Trading Algorithm (HFTA) area. An anticipated drop of 33% or more is expected.
Disclaimer:
Trading inherently involves risk, and past performance does not guarantee future results. Only trade with funds you can afford to lose, conduct your own due diligence, and thoroughly understand the associated risks. This chart represents my personal opinion and is shared for educational purposes only. It does not constitute financial advice.
TOTAL
reaches the second target at 2.22T. The achievement of this target could potentially trigger a 33% pullback across the entire cryptocurrency market. It's crucial to note that as we approach this target, there might be a misconception in the market. While some may interpret the break of the previous high at 2.16T as a signal for continuous upward momentum, it aligns with Target 2 for harmonic and the High-Frequency Trading Algorithm (HFTA) area. An anticipated drop of 33% or more is expected.
Disclaimer:
Trading inherently involves risk, and past performance does not guarantee future results. Only trade with funds you can afford to lose, conduct your own due diligence, and thoroughly understand the associated risks. This chart represents my personal opinion and is shared for educational purposes only. It does not constitute financial advice.
