SSFP has been forming a large symmetrical triangle since its listing. The market makers have deliberately used two stages over more than 1,000 days to consolidate.
▍Stage 1: Consolidation lasted from 05/2022 to 10/2023, spanning 521 days (marked with a blue box).
▍Stage 2: Consolidation started in 10/2023 (marked with a green box).
If we estimate 521 days for this stage as well, the time point will fall on 03/16/2025, which coincides with the end of the large symmetrical triangle.
Trading volume has been in a long-term downtrend. When volume shrinks to its limit, a clear breakout direction will emerge.
Coupled with the upcoming peak bull market phase, it's likely to break upwards.
There’s an old saying in investing: the longer the consolidation, the higher the breakout.
The key players have spent 2.5 years patiently consolidating, concentrating the tokens in strong hands.
When coins like this break out, they tend to "take the elevator" straight up, leaving no chance to buy in later.
Based on the expected breakout range of the triangle, the maximum potential upside is approximately 43x from the breakout point, targeting a price of $34.
I believe this is the perfect time to enter. What do you think?
▍Stage 1: Consolidation lasted from 05/2022 to 10/2023, spanning 521 days (marked with a blue box).
▍Stage 2: Consolidation started in 10/2023 (marked with a green box).
If we estimate 521 days for this stage as well, the time point will fall on 03/16/2025, which coincides with the end of the large symmetrical triangle.
Trading volume has been in a long-term downtrend. When volume shrinks to its limit, a clear breakout direction will emerge.
Coupled with the upcoming peak bull market phase, it's likely to break upwards.
There’s an old saying in investing: the longer the consolidation, the higher the breakout.
The key players have spent 2.5 years patiently consolidating, concentrating the tokens in strong hands.
When coins like this break out, they tend to "take the elevator" straight up, leaving no chance to buy in later.
Based on the expected breakout range of the triangle, the maximum potential upside is approximately 43x from the breakout point, targeting a price of $34.
I believe this is the perfect time to enter. What do you think?
專寫給新手的技術分析電子報，不時有指標可以領，歡迎免費訂閱：
lihi3.me/rlga0/twprofile
lihi3.me/rlga0/twprofile
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
專寫給新手的技術分析電子報，不時有指標可以領，歡迎免費訂閱：
lihi3.me/rlga0/twprofile
lihi3.me/rlga0/twprofile
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.