#FatPigSignals
NEW mid/long term hold
- BAND (band protocol)
- reference pair band/usdt (binance)
- accumulate evenly between 9.30$-12.30$
- allocate 1-2% accordingly
- stop-loss re-assess if weekly close beneath 8$
- Band seeing a technical breakout on our weekly chart (symmetrical triangle) as it breaks our previous short-term resistance at 11$. We believe that this is an optimal period to start accumulating band given its trend has been increasingly bullish as of lately, furthermore, our overall bullish market bias compliments our entry.
Note :
- theory behind our long-term targets: If Band can obtain half the market cap of its main rival, Chainlink( 10.5b$ cap), our last two targets would be achievable. Band's current market cap is 250million$.
https://www.tradingview.com/x/KF6VaJU1/
