RECORDED MONTHLY LOWS OF ALTCOINS THAT HAVE HIGH POTENTIAL TO REBOUND!
#ATOM HAS NOW REACHED ITS MONTHLY LOW SINCE AUGUST 2020: WHAT'S NEXT?
ATOM has created several bearish monthly candlesticks indicating a high decline and rejection from the key levels 12-14. This has given us the idea that the further ATOM goes, it could eventually lead to it revisiting its previous monthly lows since 2020. As this happened, we were also preparing long positions that will eventually catch ATOM's sharp falling knife. Since we took the key levels 2-4 as a serious foothold for ATOM, we were able to secure a profit of 2.86% & 6.16% from the recent drop-bounce. Right now, as ATOM is still hesitant whether to fully breakdown or not. We're taking this opportunity to open more long positions for our intraday and swing trades. The more this token holds these key levels, the more we will take advantage as one of the buyers who are aiming to attain the least possible price of ATOM.
#LINK HAS SHOWN US A STRONGHOLD OF THE NEWLY ESTABLISHED MAJOR SUPPORT: HERE'S WHAT WE'RE DOING FOR ADVANTAGE
LINK is currently moving above 8.08-9.70, this price range has provided us opportunities to benefit with its market swings. We have took a total of 20.05% increase from entering with limit orders for every test of LINK's support. As this support keeps on getting tested by LINK, we were also able to see how high the wave of demands are in this token from buyers. With this support staying true to holding LINK, we will continue finding more bullish order blocks to secure more profit from every increase it does.
#WIF STILL HASN'T BROKEN ITS NECKLINE AT 1.072-1.387: BUY OPPORTUNITIES PRESENT!
WIF has been holding the price range 1.072-1.387 strongly and there's still no signs of confirmed breakdown from this zone. Having this in mind, we took the opportunity to continue taking profit from its temporary market shifts on the lower timeframe. Since this support has held this key levels strongly, our total benefit from its increases is 34.43% which is already a great profitable trade considering we took 5.9 and 2.35 risk-reward ratio with this token. Considering last July's high price and last August's low price, we can possibly see a retracement to slightly below these 3 months 75% (above the average price) around 2.219. Right now, we will continue to observe this token whether it would stay true to achieving this type of retracement progress or not. Although, this is also the way of the market to maintain its balance between buyers and sellers. The total equilibrium of the market's structure must be maintained despite the cryptocurrency market being known for its high volatility.
These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.
Stay wise, trade cautiously.
