VINE Looks Bullish (45M)

Attention: Entering this asset at this point carries its own specific risks. Manage your capital and position size carefully, and set a stop-loss for yourself. Otherwise, you may incur losses.

We usually do not work with classic patterns, but since many traders with different strategies are trading this asset and there is bullish sentiment around it, the bullish flag we’ve identified on the chart typically performs well in such scenarios.

It appears that this coin is preparing for another move. The green zones represent the origins of previous moves, all of which have been consumed in order, leaving no unfilled orders below.

If this asset is to move upward, it must initiate its move from the last green box.

The targets are marked on the chart.

Closing a 4-hour candle below the invalidation level will invalidate this analysis.

For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You