$SNOOFI TA Update: GOLDEN Entry for those sidelined 13/10/2024 – Mr. H

$snoofi TA Update (Golden-entry for those sidelined)

Success! That is what we have regarding the UPSIDE breakout from 1 Month long Wyckoff Accumulation Schematic #1 that I have called out on and reminded everyone through out the past month.

I mentioned that a $POPCAT or $FWOG like move could be happening from this breakout. And of course, the questions like “If this breakout is like any of those, why are there red candles?” have been brought to me from many including fellow snoofers.
A fair question I’d say, but here’s what I can tell you:
There are many reasons as to why we see some red candles along the way, perhaps macro market conditions, perhaps narratives/meta that are too attractive for holders to rotate and trade some on. I don’t see one distinct answer that could account for everything.
But, does it matter? Not really.

Why does it not matter that we didn’t get full green candles on our way towards the upside? Because it doesn’t matter TA wise. Instead it’s a healthier stair-step move up that will not leave any FVGs or other gaps, providing a solid case of not having any of these levels to be retested in the future.

Also, I will reiterate what I have mentioned before on TA.
TA is not a magic wand that will tell us exactly how the move will happen, perhaps to a certain extent. (The larger the asset, the more accurate TA will be to the finer details, i.e macro market $BTC $OTHERS $TOTAL2 etc for crypto.)
But rather, TA will tell us the direction of the move, the price targets and invalidation levels. A general guideline for what to expect.
As we have the theory of this following $POPCAT or $FWOG or other blue-chip tokens movements, be patient for this to play out over the next few weeks or days.

$snoofi 4Hour chart retesting strong technical level

We have successfully broke into the higher range between $0.01135 and $0.02(ATHs).

Now as we retest the *crucial* golden price point of $0.01135 that I have called on since a month ago before the breakdown happens, we expect activities to happen around this *range*. And since we are at the upside of this range, a retest for support is extremely valid.
This means it is currently a GOLDEN ENTRY for anyone looking to accumulate or to enter for the first time.

$snoofi daily chart for better perspective

Let’s be patient as we let the TA/PA that have been speculated for the past month to play out.

We have only gotten better in all aspects of this community since the previous upswing to $0.02 ATHs, what do you think will happen this time?

Also a reminder that this is literally Reddit’s Dog, and a huge r/cult community pushing forward in all directions for the movement that is compounding with each passing day.

r/higher

Patience Maketh Gains – Mr. H

Link to original X Post: https://x.com/MisterHcrypto/status/1845183914194895095