Honeyusd trading idea

٨ فبراير

HoneyUSD has broken below a key local support, now acting as resistance. This breakout signals a potential continuation to the downside, completing the impulsive wave sequence as shown on the chart. However, there is also a possibility that the move terminates at wave 3 without reaching wave 5.

Regardless of the outcome, both ranges present strong accumulation zones. Targets for the mid-term and final setup are outlined on the chart.

What are your thoughts on this setup? Drop your insights below!

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تم فتح الصفقة

Corrective action for the last wave is underway.