NEXT STEPS FOR $ALPACA'S 45.41% SHORT PROFIT?
In just nine days and twenty hours following the latest rejection of ALPACA at 0.30, we have made an incredible profit of 45.41%. We were also able to examine the likelihood that ALPACA would hold a certain support during this time period. According to what we can observe, ALPACA may keep moving in a range manner until it chooses to either breakout or break down. The range that is visible may occur between 0.135-0.184. However, we do not rule out the potential of a complete breakdown.
BY COMPREHENDING ITS SHORT-TERM MARKET STUCTURE, $RUNE WAS ABLE TO ACHIEVE PROFITS OF 15.16%,10.25%, AND 20.8%.
We have discovered RUNE's short-term market structure, and it has given us profits that most people would find difficult to obtain in such a market structure!
This is how we have laid out the strategy.
Given its existing market structure, RUNE appears to be about to enter a distribution phase, which is highly likely to occur. But we have also recognized the alternative situation. The fresh support that RUNE created on top of its prior significant resistance at 2.42-3.4 has been confirmed in this scenario. Due to the fact that 2.8 is the "in-between" of the previous significant resistance and 4.6 is the resistance that is presently being tested, we were able to determine that this token has a tendency to continue ranging between 2.8 and 4.6. Being able to confidently enter both short and long trades immediately below the present resistance and above the beginning of the previous resistance is the best part of understanding these elements. Finding its current short-term market structure was that simple. We have determined three potential points of bounce for its long-term market structure: 2.331, 1.987, and 1.621. We are at one of these points at the moment. Most people would expect a significant breakthrough and abrupt huge rebound at the 2.331 mark. We can't be certain, though, because it would be too obvious if it happened right here. In order to meet many demands and wait for another RUNE tests, the better possibilities would be 1.621 and 1.987. When RUNE tries the resistance again at 4.6–4.8, the overall conditions would be satisfied by then. If it appears to have been broken, waves of sell orders will probably be placed between 5.4 and 7.0, with the last wave having a 37.15% chance of being hit because a significant decrease might occur from there, leading to the bounce spots we've outlined. Other situations would probably arise, but we can still respond to them using the outlines we have created for the many components that make up RUNE's market structure.
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Stay wise, trade cautiously.