Sleepless AI token is up 30% today!

Hello and welcome to episode 10 of TA (Technical Analysis) Today we are once again diving into the AI Token!

Yesterday, just a few hours ago, I told you in my post how I had created my position in AI token by confirming the dominance of buyers on a key support few days ago and how since then the trend changed from down to up and now under the selling pressure of the last few days, it is currently trading at a crucial support are and today itself it has seen this tremendous upmove.

source | AI Token 4-hour timeframe.

However, now this token has once again come close to a resistance area, which you can understand from the white trendline in the screenshot above. If it spends some time around this or directly moves upwards again, then a bigger move can be captured in it. Talking about my position, at present, I am making a profit of more than 50%, that too in less than 2 weeks and as I just mentioned, it is again trading near a resistance, so I am booking partial profit by exiting some 50% quantity in it.

With the remaining quantity, I will sit in it for some more time and analyze the candle close on the daily timeframe because if the daily candle closes with rejection here, then the sellers will again become active here and pressure will be seen again in this token, but if the bullish pattern continues, which I also have high hopes for, then this token will continue to move forward to reach new heights.

My analysis, trade plans, or any sentence written in my blog is not intended to be any kind of investment advice. Please do your own analysis before making any investment. Thank You!

35% of the rewards of this post will go to Project Hope (@ph-fund).