$1000SATS TP1 hit 💵
low_risk_trader
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$1000SATS analysis on 1D chart:
1000SATS has formed a double bottom on the daily chart—a classic bullish reversal pattern—right at a key support zone.
Right now $1000SATS is in accumulation phase but...
If this structure holds, we could see a strong move upward.
Key levels to watch:
- Breakout confirmation is needed above resistance of 0.00012.
But an early entry right about now with a stop loss below resistance level is what I'm doing.
- Multiple take-profit levels i have mapped out for you on the chart—ideal for scaling out of positions.
Pro tip would be to take profits on multiple levels and take re-entry at pullbacks.
I’m keeping an eye on the current price movements for a potential breakout.
Also watching for volume confirmation which would be key.
1000SATS has formed a double bottom on the daily chart—a classic bullish reversal pattern—right at a key support zone.
Right now $1000SATS is in accumulation phase but...
If this structure holds, we could see a strong move upward.
Key levels to watch:
- Breakout confirmation is needed above resistance of 0.00012.
But an early entry right about now with a stop loss below resistance level is what I'm doing.
- Multiple take-profit levels i have mapped out for you on the chart—ideal for scaling out of positions.
Pro tip would be to take profits on multiple levels and take re-entry at pullbacks.
I’m keeping an eye on the current price movements for a potential breakout.
Also watching for volume confirmation which would be key.
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