In my previous market update, I accurately predicted that FRONT would move towards its minor (POI) at $1.25, tapping into the liquidation box. Following this, I anticipated another rally right after tapping the liquidation area, and FRONT has exactly pumped from there, achieving a 35% increase from the predicted zone.
Updated Market Analysis:
Current Status: FRONT reached the $1.25 POI and rallied 35% as expected.
Next Steps:
Resistance: Watch for resistance around $1.40. Breaking this could target $1.50.
Support: $1.25 now acts as strong support. The liquidation box between $1.10 and $1.15 offers a buying opportunity if revisited.
Projection:
Bullish: If FRONT breaks above $1.40, it could target $1.50 and beyond, possibly reaching $2.00.
Bearish: Failure to hold above $1.25 might lead to a retracement to the liquidation box.
Trading Strategy:
Current Holders: Take partial profits at $1.40 and $1.50, holding some for potential further gains.
New Buyers: Buy on dips, especially near $1.10-$1.15, or use DCA towards $1-$0.80.
Monitor market sentiment and news, and manage risk effectively.