Shrap is exhibiting a textbook momentum setup. The pullbacks are in a nice trending line, not too fast, not too slow. An overall upward trend is forming with growing rSI. Fib extensions have been respected for the most part. The 4-hour demand is rather large with the indecisive red candle with the long wicks to either side. Avalanche gaming and gaming in general has been on a major upswing,
SUPER
anyone? A play one could do is the enter the token on the breakout of the downward trendlines, and sell on the start of the next breakdown. I choose to simply enter based on narrative and momentum and sit tight. With this trajectory, taking another correction into account I think we see .45 $, the next fib projection in 10-12 days.
SUPER
anyone? A play one could do is the enter the token on the breakout of the downward trendlines, and sell on the start of the next breakdown. I choose to simply enter based on narrative and momentum and sit tight. With this trajectory, taking another correction into account I think we see .45 $, the next fib projection in 10-12 days.