is a new coin that has very, very recently been listed on Binance. As of now, it seems to have formed a descending channel
to consolidate after its recent breakout, which is excellent for trading the highs and lows. Depending on how long the channel lasts, this can result in >40% profit in one swing, due to the decreasing trend and nature of the current volatility
. Let's see if it lasts that long. It also has potential to form into a bullish flag
, should it break upwards - I will publish a separate analysis, should it happen.
As always, trade with care.
If you like my analysis or I helped you in any way, feel free to send a tip - any support is greatly appreciated!