💹🎯 "HIGH Coin: Mid-Term Investment Analysis" 📈💡
🕵️♂️ Let's delve into this Metaverse coin in the world of cryptocurrency, analyze it, and if we find an entry point, consider adding it to our mid-term portfolio.
🚀 In the weekly timeframe, this project is still relatively new, with limited candle data for diverse analyses. Therefore, we'll keep the analysis simple.
💰 Before diving into the analysis, it's important to note that this coin is a Metaverse crypto, similar to projects like MANA and SandBox, which have recently seen significant growth. It has surged from a price of 1.046 to its current price of 4.311, marking approximately a 300% profit for its holders.
⏳ After about 450 days, we're now revisiting a resistance level we encountered in the past, and we're currently in the process of breaking through this resistance.
🕯️ For an entry point into our mid-term portfolio, we could look at the current weekly candle. If it closes in approximately 1 day and 17 hours in the same bullish manner, it indicates buying pressure, suggesting the potential for growth in this coin.
🛑 For purchasing any coin, we consider a stop-loss strategy :
💼 For this coin, we have three options for setting stop-loss and managing our capital: Firstly, a risky approach would be to set the stop-loss just below the weekly candle, around 3.098, ensuring a quick exit. Secondly, setting the stop-loss around 1.962, allowing for an exit in case of a market trend reversal. And thirdly, allocating a percentage of your total capital to repurchase the coin at the same proportion if the stop-loss is triggered, preventing significant losses if this coin follows Luna's fate.
💹 Confirmation for buying this coin can be found in the volume; during the formation of green candles and an upward trend, we observe an increase in volume. Another confirmation is the entry of RSI into the overbought territory. Unlike most traders, we believe that when RSI penetrates its overbought range, there's a possibility of a pump in this coin.
🛡️ Currently, we only have one resistance ahead after the breakout, which could potentially yield a 70% profit. After reaching this resistance, we'll define our next lines of action in our future analyses.
🌐 Furthermore, I recommend visiting the coin's website and reviewing its whitepaper, as investing in these tokens requires thorough research and time commitment.
😊 If you'd like me to analyze a specific coin or currency pair, be sure to comment so that I can allocate the next analysis for you!
⚠️ Also, please remember that I'm just an analyst, and this isn't financial advice. We're here to stay in the market and maximize profits by adhering to risk and capital management principles.
🚀 In the weekly timeframe, this project is still relatively new, with limited candle data for diverse analyses. Therefore, we'll keep the analysis simple.
💰 Before diving into the analysis, it's important to note that this coin is a Metaverse crypto, similar to projects like MANA and SandBox, which have recently seen significant growth. It has surged from a price of 1.046 to its current price of 4.311, marking approximately a 300% profit for its holders.
⏳ After about 450 days, we're now revisiting a resistance level we encountered in the past, and we're currently in the process of breaking through this resistance.
🕯️ For an entry point into our mid-term portfolio, we could look at the current weekly candle. If it closes in approximately 1 day and 17 hours in the same bullish manner, it indicates buying pressure, suggesting the potential for growth in this coin.
🛑 For purchasing any coin, we consider a stop-loss strategy :
💼 For this coin, we have three options for setting stop-loss and managing our capital: Firstly, a risky approach would be to set the stop-loss just below the weekly candle, around 3.098, ensuring a quick exit. Secondly, setting the stop-loss around 1.962, allowing for an exit in case of a market trend reversal. And thirdly, allocating a percentage of your total capital to repurchase the coin at the same proportion if the stop-loss is triggered, preventing significant losses if this coin follows Luna's fate.
💹 Confirmation for buying this coin can be found in the volume; during the formation of green candles and an upward trend, we observe an increase in volume. Another confirmation is the entry of RSI into the overbought territory. Unlike most traders, we believe that when RSI penetrates its overbought range, there's a possibility of a pump in this coin.
🛡️ Currently, we only have one resistance ahead after the breakout, which could potentially yield a 70% profit. After reaching this resistance, we'll define our next lines of action in our future analyses.
🌐 Furthermore, I recommend visiting the coin's website and reviewing its whitepaper, as investing in these tokens requires thorough research and time commitment.
😊 If you'd like me to analyze a specific coin or currency pair, be sure to comment so that I can allocate the next analysis for you!
⚠️ Also, please remember that I'm just an analyst, and this isn't financial advice. We're here to stay in the market and maximize profits by adhering to risk and capital management principles.