SATS has completed a corrective pattern (1D)Attention: This is a risky and highly volatile meme coin.
The correction of SATS started from the point where we placed the red arrow on the chart.
This correction appears to be an expanding triangle, as wave C is longer than wave A, and wave E is longer than wave C.
Currently, a support zone has formed below the price. As long as this area holds, the price can move toward the flip zone or near it.
Since the flip zone is fresh and untouched, the price may get rejected from this level.
The closure of a daily candle below the invalidation level would invalidate this analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
