zkSync Simple Bullish Signals & 105% Bullish WaveIt can change, it is very important to know this. Sometimes we can become so convinced by our own bias that we forget that market conditions are always changing...
zkSynch vs Bitcoin (ZKBTC) :
➖ We have a double-bottom pattern which is bullish.
➖ Recently we have a volume breakout (yesterday).
➖ Seven consecutive sessions closed green (first time ever on this chart —bullish consolidation).
➖ Other BTC pairs have been moving green for weeks/months (marketwide action).
These signals lean toward the bullish side.
These signals are weak though. There is no significant volume, no strong bullish action.
We can call these either "early signals" or "weak signals."
Going in early has its advantages and disadvantages.
The advantage is a better entry price (higher profits potential).
A disadvantage can be a longer waiting time.
The risk can be managed in many ways and determined before-hand.
You can use a tight stop-loss, say 5% and the risk has been defined.
Or you can use a buy and hold strategy.
There are always many ways on how a trading pair can be approached.
The targets can be seen on the chart.
Namaste.
