It appears to be within wave D of a larger pattern.
Given the strong rally in wave C, it is expected that this coin will enter a time-consuming correction, so considering a symmetrical pattern for wave D is not illogical.
A short-term upward swing is expected from the green zone.
However, the main buy zone is the yellow box, where wave D could end and wave E may begin.
These moves and this pattern belong to the weekly timeframe and will take time to play out. For a spot buy, it’s best to keep this asset on your watchlist.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
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