🚀 STPT/BTC: Has its price reached the bottom? 📈 Revealing a potential rise of 795%! 💰
The STPT/BTC pair has recently attracted significant interest among both traders and investors. A compelling analysis conducted by Master Ananda on TradingView suggests that the STPT/BTC pair has reached a "true bottom," indicating a strong bullish reversal.
🔍 What does the chart reveal?
The chart illustrates a classic double bottom pattern, a well-known bullish reversal model. This pattern is characterized by two distinct bottoms at a close price level, separated by a peak. The recent price movement indicates that the STPT/BTC pair has successfully tested its previous all-time low and maintained it as support - a level that remained untested for over four years.
Moreover, the pair has experienced four consecutive weeks of positive price movement, a strong bullish signal indicating sustained upward momentum.
🎯 Potential profit targets
Master Ananda's analysis identifies several potential profit targets based on chart projections:
255% profit: A modest short-term target for early profits.
436% profit: A medium-term target for those willing to hold through volatility.
616% profit: A more ambitious target for long-term investors.
795% gain: An extended target for those with a high risk tolerance.
These targets are determined from the distance between the bottom and the peak, which is drawn upward from the breakout point.