The range in the $1800-4800 zone looks like accumulation after an uptrend to me. A fall towards $900 could be considered a false breakout if the price manages to exit and consolidate in the $1900-2000 area.
The plan is the following:
Buying if the price enters the $1800-1900 zone
Stop if the price goes below $1700 (5-8%)
Take Profit 1 - ATH $4700 (170%)
Take profit 2 - $10k (500%)
All it takes for me to enter is for the price to enter the buy zone to confirm the false breakout and return to the long range.
10k take profit targets - range size in percent + round number that part of the community expects as a target for take profit
The plan is the following:
Buying if the price enters the $1800-1900 zone
Stop if the price goes below $1700 (5-8%)
Take Profit 1 - ATH $4700 (170%)
Take profit 2 - $10k (500%)
All it takes for me to enter is for the price to enter the buy zone to confirm the false breakout and return to the long range.
10k take profit targets - range size in percent + round number that part of the community expects as a target for take profit