In the first image, there is an area labeled "BUY Correction" indicating a correction zone, where the price is expected to fall first before potentially rising. This is the area used to place a buy entry at the lowest anticipated price.
This correction price is in the range of around $5.53 to $7.68, marking a potential buy point when the price touches that level.
Core Strategy of This Analysis:
1. Wait for the Correction Price: Enter a buy position when the price touches the correction zone around $5.53 - $7.68.
2. Patiently Wait for the Increase: Hold the asset until the price reaches the projected profit target.
3. Risk Management: Set a stop-loss below the correction area if the price breaks through support to limit losses.