TL;DR: Anticipating a 30-35% daily move, with a potential double in price by the end of this week, and then a consolidation before the december token unlock before going any further (towards ~1.88)
With altcoins showing strong bullish momentum, I expect significant price action in the coming days, including 30-35% daily candles. If the altcoin market continues to rally, this could lead to a near doubling of the price by the end of this week, followed by a possible consolidation starting mid-next week in 1.4-1.05 range (64 million STRK unlocks on Dec 15th). Watch for sharp volatility and key levels to confirm continuation or reversal.
With altcoins showing strong bullish momentum, I expect significant price action in the coming days, including 30-35% daily candles. If the altcoin market continues to rally, this could lead to a near doubling of the price by the end of this week, followed by a possible consolidation starting mid-next week in 1.4-1.05 range (64 million STRK unlocks on Dec 15th). Watch for sharp volatility and key levels to confirm continuation or reversal.
Trade closed: stop reached
Note
This shitcoin did biggest one day drop ever when it was looking so bullish based on chart pattern, couldn't sustain at all. And now with unlock coming next week, I expect it to retest 0.53 range multiple times, if it could hold the zone, then there might be some upside
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.