⚠️At least that most of the alts are overheated, so it is worth to cool down the market a bit with correction - #OP
Just yesterday the price broke the descending channel upwards, after which it consolidated above the POC volume level and entered the local consolidation✔️
☄️At the moment I expect to see the start of a small decline from near current price values to the 0.5 Fibonacci level, and a support zone to consider long positions.
🔜I plan to enter the trade from current($1.844-$1.69).
🛑 Stop loss will be at the level of ($1.6).
✅First take ($1.865)
✅Second take ($2.126)
✅Third take ($2.274)
When the first take is reached, the stop loss should be moved to breakeven.
Reaching the third take will account for 21% of the net movement excluding shoulders.
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