$ID #SpaceID. #ID Coin Chart
#Analysis I considered two perspectives for this analysis. While the chart looks challenging, it’s straightforward when simplified.
If the price breaks above $0.454, this would indicate that an impulse wave has formed, and it would be ideal to enter a long position during the correction.
However, if it fails to break through and declines, we should consider the WXY scenario, which could mean further decline down to the lower red level. This isn’t an ideal entry point for trading right now.
It’s safer to wait for the chart to complete before entering a position.
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