Knowing this feature, you'll be able to find the perfect buying zones!
Here are Top-5 examples of new projects that have come out recently and this pattern has worked:
An important note: Everything written here is purely my observation based on my experience and analysis of price behavior. Never follow other people's advice blindly, always do your own research.
So now, I'll try to convey to you my view of the charts, let's get started!
The first coin on my list - $APT
As you can see, the token dropped by 68% almost immediately after its launch after which there was rapid growth. In other words, the coin has hit a so-called bottom around 68% of the close of its first candles.
Yes, we are looking at the higher timeframes now as they are more accurate. It's important to use candle bodies, shadows are not as important.
The second one is $SUI
The situation here is similar - a 68% drop followed by a recovery. In both charts, the price bottom was literally in the same range, if we're using percentages.
Okay, you all also know ARB
Nothing changes, after a local top, the price is going for a correction of about -60%. In all cases, we see a solid rise after the dip. Knowing this technique, you can do well in the market if you implement it into your strategy.
The next coin is SEI
Look at this chart! This pattern bears a striking resemblance to past examples.
I'd also like to emphasize a rather old coin - UNI
The price made a 65% drop and quickly bounced back, which can still be attributed to the series of the same model.
A little bonus:
ID dropped by 80%. Yes, a little more than usual but you just look at the growth that happened after!
And now a final, rhetorical question:
Will $NOT repeat this pattern?
I know that there is not much information and it is too early to say. But I dare to suggest this option, maybe it will be a better buying zone.
Let's summarize:
The “-60% pattern” should not be overlooked
It's important to use candle bodies
Key values are 55%-65% or so
Using higher timeframes (1D, 1W)
I've given you new ground to ponder. I hope you found my observations useful and you gain profit from this information in the future. Thank you for reading!