The coin, due to its over greed and aggressive manner of squeezing money out of the crowd by the market maker, goes hundreds of percent from the accumulation zone. Now the coin is in the accumulation phase.
Trading in a horizontal channel in increments of 45%.
All on which this or that movement depends and the trend is shown on the chart. It is also worth noting that there is no clear number of waves that should be in the accumulation channel. The main thing is complete control and understanding of the work on the coin. Entry / exit to the market depending on the reaction of levels.
If you do not control the price, but adapt , there are two options for entry:
1) Entrance at the bottom of the channel with confirmation of support. The potential profit in the channel + 45%.
2) Entrance during the breakthrough of the channel. The first target + 90%. Then, how does the price react to the level of resistance and whether the fixation wakes above it. If the price continues to rise, then sales should be made at key resistance levels. Potential from +90 -600%.
It is worth noting that in such coins there is often no rollback after a breakout, you yourself can see it on the chart, that's why I wrote - the entrance is at the breakthrough of the resistance of the accumulation channel. But you need to understand that a false breakthrough can occur. But observing the exchange book of orders and the buy / sell ribbon gives a clearer picture or a breakthrough, real or potentially false. This is just an experience.
In the history of the coin, I showed the cyclical repetition of the sequence of phases of the instrument.
It can be divided into several phases:
1) Set of coin position.
2) Raising the price and selling at affordable prices.
3) Lower prices for a new set of positions.
How to manage the price of the coin and the entire sequence of work in these 3 phases, I described in great detail in the Russian version of this trading idea. Google translator to help you!
Be not theoreticians, but practitioners. Only the weight of your deposit matters, not the memorized information about trading from many books.
If the price fixes above the downtrend (red line), then the potential development of the figure to the height of the flagpole of the flag + 45% of this line.
Trading inside the channel from pivot points (zones) that act as support / resistance levels.
At the entrance, use an adequate Stop Loss value, but also take into account the volatility of the trading instrument.
Congratulations to all with a decent profit.