LINEA: Bottom consolidation continues, no new lows (Easy 670%) It isn't a crazy prediction. Just look at the downtrend... I don't know exactly when, but the same will happen in reverse. LINEAUSDT.
Consolidation has been happening at bottom prices as trading volume goes down to zero. When volume completely dries out, a sudden move tends to be close. I am calling for a bullish breakout based on the fact that the downtrend was broken long ago, and the retrace is showing waning momentum.
A challenge of the last low is possible, a stop-loss hunt event. We see this very often and it shouldn't change the bigger picture and what we expect will happen—a major bullish wave.
We visited this same chart months ago and it stays the same, this is good. When the market is bearish, it moves lower and lower. Seeing months of sideways with a slightly bullish bent is a positive. Not to mention that again today many projects started to move with force, out of the blue.
I mean, everything was quiet, Bitcoin is doing its retrace, everything slowed down and today we see projects again breaking up two to three digits green. But these are not the same projects that moved last week or the week before, a new group and the market continues to cycle.
This one is trading at support and can move in the near future.
Choosing the bottomed out trading pairs opens up the strategy of low risk vs a high potential for reward. Risk can be capped at 5%, 10%, 20% and so on. The easy target here is 670% and it can go even higher long-term.
So, what will you do?
Thank you for reading.
Namaste.
Long
