$part reaccumulation

$part 1D

• 2 Failed breakouts and top resistance level in zone 1
  
• Flew past Zone 2
  
• Needs to spend more time establishing support and accumulating volume in Zone 2 before successful breakout
  
• No historical support, but monthly Pivot identified as support at this level
  
• Wave Trend near overbought levels and pointing down. Needs to reset during accumulation
  
• Be wary of double tops. Could be reversal sign
  

Comentário:

Monthly pivot approx coincides with 50 EMA. Price broke 200 EMA, Golden Cross occurred at overbought signal. Pullback to monthly pivot = 50 EMA = Buy Zone.

Once long, Stop Loss = 221K sats

Comentário:

Opening long entries at the 200 EMA on the 4H timeframe may also be wise and could provide a faster entry.