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Mock Up Price Action for BAX | Near-Mid Term (12HR)

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Mock Up Price Action for BAXUSDT | Near-Mid Term (12HR)
- Entering LONG here with additional buy orders staggered below to parallel channel support
- I made a lot of money off of last bull run and I think the timing for entering now (for me personally) makes sense. I like to hedge my bets by buying up small/micro cap coins leading into a potential market pull back correction

Personal Approach & Base Chart Setup
- Stacked Parallel Channels for Grid of Confluence Points
- High Time Frame (HTF) Fib Extensions, Retracements, & Time Cycles
- Red Filled Horizontal Rectangles between areas of major Fib level from Extensions and Retracements
- Price Label Callout with Red Circle highlighting points of interest where I'd consider making a trade
- I will consistently monitor and adjust taking into consideration long/mid/near term price action and market conditions/news

注释

Yeah. I'm loading up. BAX has consistently taken big runs, after BTC and large caps make moves then pull back. Q1 2024 up till halving I believe is BAX's time to shine.

注释

Been steady accumulating at every dip. I think things are about to get pretty interesting for BAX.

注释

When in doubt, zoom out. 1 Month timeframe. Seeing bullish reversal signals in doji and bullish harami candlestick patterns.

注释

I think it's important for people to pay attention to the flow of money from BTC to ETH to Large/Mid/Small then Micro Cap Alts

Take right now for instance... BTC looks like its on the edge of a cliff.. Entire market starts taking a dump. Except.. BAX and micro cap coins.

When retail takes their money out of the higher market cap coins at profit and/or out of fear for correction.. but still wants to get that 'I made a trade today' fix.. that money flows into these micro cap ALTs that haven't moved much while the rest of the market went nuts.

注释

I know it doesn't seem exciting to buy a coin that isn't doing anything... but IMO, that's precisely when I would.

Within 30 days from now, we will see a broader market correction and pullback from the top down.

Micro caps like this, then go on monstrous runs.