OUR STOP LOSS WAS NOT ABLE TO BE ADDRESSED BY $SATS, WHICH RESULTED IN A 15.64% INCREASE.
Therefore, you're in the ideal place if you're searching for a thorough analysis of SATS.
This is the reason.
SATS has been moving within range since April of this year, with occasional depths between 0.00022 and 0.00011, as you can see when you zoom out. considering the depths this cryptocurrency has produced as well as the fluctuating market structure. It is most likely getting ready for a big move. This range market just illustrates the potential for an accumulation to occur when a rally is taken into consideration. We have considered the three situations that could occur in light of this. Prior to that, we had already achieved a 15.64% increase from the market's previous swing since the range market structure occurred. We will therefore be ready to carry on benefit-hunting with this token as soon as any of these market scenarios materialize.
The scenarios are as follows.
First Scenario: With the same price range of 0.00022-0.00038, SATS may continue to exhibit a ranging market structure. Given that just two out of ten cryptocurrencies have the potential to maintain a range market structure after five months, this scenario provides us a 30.57% chance. XMR and SFP. Second Scenario: After the testing for its needs and the consumption of its selling pressure are completed, this token will have gained power. From this point forward, there may be a significant rally. Given that it has already had a significant decrease and that the only thing that disapproves of this scenario is that it has not yet experienced a strong oversold position, the possibility of this occurring is 72.89%.
Third Scenario: This token's distribution phase could be deemed finished. However, its discounting has not yet reached its full potential. There are still indications of possible rejections on the marked key levels in the continuing markdown. Since its market structure still exhibits pessimistic emotion, there is a 45.16% chance that it will occur. The general bullish feeling in the market, particularly with regard to tokens like BTC, ETH, and SOL, makes it unlikely that this coin will occur.
These three possibilities might still apply to any other situation. However, since we have already outlined the potential outcomes of SATS market structure, we can respond to any of these situations should they occur.
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.