strong buy

Crypto Asset Approaching Key Support Level with Multiple Long Scenarios

The asset has completed forming a monthly base and has approached the key level of 150.161, which previously served as a trap. Despite a correction, the long-term upward trend remains intact, making premature shorts risky, though they can be considered later depending on future movement. Several scenarios exist for executing long positions: 1. Trade: - Enter a long position from the 4-hour stop volume at 147.06; - Place a stop-loss below the low of the 15-minute stop at 143.59; - Take profit at the support level of 159.05. I will set an alert closer to the level and consider entering based on actual confirmation or a low-risk order, then work with add-ons. 2. Trade: - Enter a long position from the 4-hour stop volume at 139.14; - Place a stop-loss below the low plus daily support at 132.21; - Target profit at 171.85. After new structural developments, additional targets can be evaluated.
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AI Analysis

The cryptocurrency has reached a significant technical milestone, forming a monthly base and approaching a critical level of 150.161. This level has historically acted as a trap, indicating that trade...

AI Recommendation

Given the current technical setup, it is advisable to wait for confirmation before entering a long position. The first scenario provides a relatively low-risk entry point near 147.06 with a clear stop...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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