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Technical analysis by KECapital about Symbol C98: Buy recommendation (4/24/2025)

https://sahmeto.com/message/3446080
KECapital
KECapital
Rank: 15367
1.5

C98USDT — Descending Wedge & High R/R Zone

:Buy
Price at Publish Time:
$0.059526
Profit Target:
(+108.65%)$0.1242
Stop Loss Price:
(-23.73%)$0.0454
Buy،Technical،KECapital

Based on the current structure, C98USDT is moving within a descending wedge , approaching zones that align with early investor positions. 🔍 What I’m seeing: Potential drop into the range of a previous horizontal channel - marked on the chart. We've already reached the Strategic Round level; below that is the Seed Round . Assuming the project isn’t abandoned, it makes sense to expect investor defense in this zone. From what I observe, there's likely accumulation happening from weak hands - at a discount . 🛡️ Approach: As I’ve said before - you can’t treat coins like this in isolation . They should be traded as part of a group of low-liquidity tokens , with proper risk management . You can’t know in advance which one will “survive” without insider info from the team. So the key is having a solid strategy and managing your portfolio and risk wisely . 📈 Targets: Potential breakout targets from the wedge are marked on the chart. If the market remains weak, I’ve noted a lower zone where consolidation might occur (sideways chop within a horizontal channel). 💭 Opinion: The market is “paused” and waiting for a catalyst. You can’t rush it. But zones like the current one on C98USDT seem attractive in terms of risk/reward . The goal isn’t to guess - it’s to follow a pre-built strategy and stay focused . 📌 As always, this is not financial advice. Just my personal take and observations on the structure.The price is still in accumulation. A deep capitulation — a channel beneath a channel. In such zones, retail traders don’t build positions; it’s just too scary.

Source Message: TradingView
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