🚀WAVES: the hype is back! Is the scenario repeat again?
Hi friends! As you all see WAVES starts pumping, It`s +34% in the few hours. Should you buy now? Let’s go into more detail about this situation!
According to the pattern which Waves follows, the price need to stay a little bit in consolidation to let the whales buy more coins and letter sell it out to retail traders on hype.
The targets:
1. $5.75-7.35 – first value area and huge resistance for the price. I think the price will consolidate below this area until BTC will not make +25-30% and buyer return to the crypto market.
2. $12.20-14.70
3. $20.64-23.80
I`ll try to find the best entry point at the trendline breakout alonfg with some bull traps or manipulations, because it`s one of my favorite strategy.
Of course growth will happen if Bitcoin show the strength and starts growing. As you know. almost 99% follows the BTC movements.
The price can continue the growth on some excelent “news”, but if you`ll buy it, is it a trading actually? Does someone earn on the news? Let me know in the comment!
💻Friends, press the “like”👍 button, write comments and share with your friends – it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
