This coin looks strong I made good amount of money from longing at 986 now first realisstic retrace is 1377 area SL can be placed below next supports behind EMA and target is near current ATH so 1677 SL 1304 see chart for more info
another factor is that I believe we are at start of new bull run looks like market break out of recent channel especially BTC from 42K area it did last fakeout below 40000 after that volume was strong and on chain data suggest lot of BTC was just taken out off exchnages plus temporary issues wit internet in kazakhstan should be coming to end that for sure caused lot of selling because mining in 2nd larget crypto mining country was severaly affected
BTW my december prediction of shorting market was overall correct maybe it diddnt hit exact levels for entry but general direction was spot on
and 11 january I said market will start to go up and BTC broke out of 42K channel which is very bullish sign
another factor is that I believe we are at start of new bull run looks like market break out of recent channel especially BTC from 42K area it did last fakeout below 40000 after that volume was strong and on chain data suggest lot of BTC was just taken out off exchnages plus temporary issues wit internet in kazakhstan should be coming to end that for sure caused lot of selling because mining in 2nd larget crypto mining country was severaly affected
BTW my december prediction of shorting market was overall correct maybe it diddnt hit exact levels for entry but general direction was spot on
and 11 january I said market will start to go up and BTC broke out of 42K channel which is very bullish sign