Wait to buy in the green block. Around 0.00009 - 0.0001 btc. This is a long trade of a few months.
Everything is explained in the chart.
I doubt that scenario 1 will take place, but orders can be placed on the wedge breakout. Use a stop loss as the breakout may not hold if it occurs.
Scenario 2 is most likely to happen.
The first target is just an estimate (Fibonacci retracement of 0.00029). There is also a good resistance there, so a short retracement can occur before going higher.
Metaverse has lots of potential. It is a potential 10x - 50x winner. But it will take some time first to develop momentum up.
Let me know if you have any questions.
Everything is explained in the chart.
I doubt that scenario 1 will take place, but orders can be placed on the wedge breakout. Use a stop loss as the breakout may not hold if it occurs.
Scenario 2 is most likely to happen.
The first target is just an estimate (Fibonacci retracement of 0.00029). There is also a good resistance there, so a short retracement can occur before going higher.
Metaverse has lots of potential. It is a potential 10x - 50x winner. But it will take some time first to develop momentum up.
Let me know if you have any questions.
Comment:
I meant fibonacci retracement of 61%, giving a first target of around 0.00029.
Trade closed: target reached
Comment:
Wait for confirmation first. The market is still correcting. Target reached sooner than expected :-)