mStable Governance Token: Meta (MTA) / Bitcoin

On the above 1-day chart price action has corrected a massive 90% since February with oversold condition. A number of reasons now exist to be bullish, including:

1) Price action breaks out of resistance and confirms support.

2) A ‘incredible buy’ signal is printed. On past resistance.

3) Price action makes an impulsive move to the upper side of the Bollinger Band. Fantastic.

Is it possible price action falls further? Sure.

Is it probable? Unlikely.

Target 10-15k sats / 10x from current levels.

Good luck!

WW

PS: not in this trade, if you want an update leave a comment below.

Сделка активна

Комментарий:

up 60% so far. Look for 1st resistance at 6k sats

Сделка активна:

On the 1-day chart below price action breaks out above the Gaussian channel and the 3-day chart / 50-day EMA (blue line). Last time price action did that was Mid-January 2021.

Сделка активна:

Insider trading, I hate it, but it happens. For the last several days someone / some group has been purchasing well over $1m of perpetual futures on FTX of this tiny market cap coin.

You don't do this unless you know something most don't. No it's not me.

Комментарий:

That $1m+ futures buy is almost filled with sellers over the weekend. I'd put money on it, the moment that order is filled there will be a news announcement on this project.. seen this insider nonsense too many times.

Комментарий:

Price action prints a ‘great buy’. Now being such a small market cap I’d wait for a rotation rather than trying to guess the bottom. The Head and shoulders extension has been met and price action is on past resistance testing as support. Confirmation is needed.

On a side note, there’s an interesting lesson here. Someone / some group purchased $1m of perpetual futures at 95 cents, now down 30% (assuming leverage was used and no liquidation as of yet) then they burnt through $1.5m !! Ouch.

Lesson is, more money does not equal smart money. Smart money comes from believing in yourself, not others.

Сделка активна:

Got a 'incredible buy' on this one with a break of RSI resistance. Look left.

Сделка активна:

The next move should be impressive