We buy speculatively on the spot ID token, which we have been eyeing for a week. In general, we plan to open a number of transactions in the near future, but many of them will be for averaging open in the spring. For example, by #STRK, #PIXEL.

Arguments for purchase:

1. The asset showed a five-wave growth pattern, then showed an ABC correction from the March high. There are variations in the waves here, but point 3) makes us think that this is the correct interpretation. 

2. The price found support at the 0.236 Fibonacci level (where prices often come after a pump) and at the EMA of the 200 day TF. Since April it has been sandwiched between EMA 50 and 200 of this TF. 

There is a possibility that the price will go even lower, to the EMA 50 of the weekly TF (currently $0.5758). BUT important argument 3 - according to the trend reversal indicator, built on the method of candlestick analysis by Thomas DeMark, we see a combo of the “Cheap” signal on three (!) timeframes at once: four-hour, daily and - weekly (!). We show you with screenshots. This is a pretty strong alignment for bulls. 

During the day last spring, the signal provided at least local rebounds, which gives a chance to set a stop at breakeven. The indicator signals on the weekly time frame rarely break. And taking into account the situation on the altcoin market, we bet that it will not break this time either.

We enter a deal using#IDwith the following inputs:

- Entry points - $0.7000.

- Take profit - here are the options. Conservative - around the 0.5 Fibonacci level ($1.0580). At $0.9891, under the psychological $1. A possible full target for us is near the March 17 high, between the 0.786 and 1 Fibonacci levels. At $1.6325. The expected profit in the first case is +41.30%, the expected profit in the second case is +133.21%. The goal will most likely lie somewhere between the goals. We are not placing orders yet, we will watch the strength of the trend in case of a reversal. And we will be ready to close manually if we see signs of weakness on the daily or, especially, weekly timeframe.

- Stop loss for both setups is $0.5985, which is -14.5% from the entry point. More than usual, we adjust the risk by the size of the deposit per transaction. The stop is behind the EMA 200 daily TF, volume levels of $0.6817 and $0.6143, Fibonacci level of 0.236, upward trend support since March 5. If the price breaks through this entire pool of supports, then the idea of ​​a reversal is at least in jeopardy. And you need to try to log in again. Or abandon the idea altogether for a while and wait for a move below the 50 EMA of the weekly TF. For example, to the global upward trend from October 2023, currently $0.3774.