📍 Sharing my analysis on this coin. I mentioned earlier to buy this. Yes, LONG is still my bias though the price is going down as of this moment. Good thing I used a small portion of my portfolio. DCA if needed.
📍 Please check the image below and try to understand. Basically, few things you need to consider.
✅ Price breaks out from the TRIANGLE, and it retested perfectly on the R/S. ✅ Market structure will tell us that sooner or later it will create a new HIGHER HIGH. ✅ New HH and HL are already formed. ✅ It’s up to you now.
⚠️ Trade at your own risk ⚠️ Use small portion of your portfolio and low leverage
BAKE/USDT Trading plan has been completed and hit both the targets.
Please see the image below. ICP has a lot of potential to go up exponentially. Patience is the key as it just broke the diagonal “RESISTANCE” , and now it creates a NEW HIGHER HIGH. Let us wait until the NEW HIGHER LOW is created.
This plan will have maximum profit, if followed patiently.
1. Support Level is Solid 2. Though it went back to the triangle formation after breaking out from the diagonal resistance, it still follows new HH and HL.
📍 Update: - BAKEUSDT pair has a perfect bounce on the support level. - BUY LONG and Set stop loss below the support (please check the image) - Targets are shown in the image with GREEN LINES