Professional crypto trader on TradingView Ilyas Sharipov (CryptoStudentBlog) shared a trading strategy for a promising token

In the current conditions of the growing market, many of the altcoins have shown 30-50% growth or more. Perhaps someone did not manage to make money from these movements, but I recommend not to give in to emotions, since there are still projects that are just beginning their growth cycle.

Today we will look at the SPACE ID (ID) coin, which was sensational in its time. Its developers are building a universal name service network with an identity platform for discovering, registering, trading and managing domains in the Web3 realm.


ID is the SPACE ID management token. With its help, the decision-making process for the project is organized.


Created in the third quarter of 2022, the project made a splash in the market with its own domain name service in the .bnb zone, which quickly gained more than half a million registrations and 250 thousand unique owners within 6 months of its public launch in September.

DomainService.bnb has further strengthened its market position with successful integrations with more than 100 leading projects and protocols, including the BscScan blockchain explorer and the Trust Wallet.


The project attracted the attention of a huge number of users after listing on Binance Launchpad, which took place on March 17, 2023. 5% of the tokens from the general circulation were allocated for the listing, the sale price was $0.025. After the listing, the price rose 100 times, to $2.5, but then consolidated around $0.5.

The listing of the coin was supported by other large platforms, and in November of this year, trading began with BTC on the main South Korean crypto exchange, Upbit.


Since June, the asset has been in an accumulation phase, trading in the range from $0.17 to $0.35 for 200 days. I believe that the exit from this trade will be good and excellent for the start of global growth of ID.


From the point of view of technical analysis, globally all this pro-trading represents an ascending accumulative triangle. Now we are standing at the upper limit of resistance; below are the trend line and the daily Ichimoku cloud at $0.26.

Locally, there is also a trend continuation figure - a “cup with a handle”, the so-called neck line is identical to a triangle - this is the resistance level of $0.315. It is the consolidation above that will give the asset an impetus for further upward growth.

Trading plan
I recommend buying this coin on spot or in investment portfolios, with a potential of 30-50-70% in the medium term and growth of 2-3 times in the long term.

Purchase range: from $0.31 to $0.27, input of 10% spot deposit.

Medium-term goals: $0.345 - $0.39 - $0.455 - $0.545 - $0.65.

Long term goals: $0.45 - $0.75 - $1.

Cancellation by setup: the asset moves below the support level and the nearest minimum by $0.25 and consolidates below.

It is important to take into account the risks of following money management, do not forget to take profits in parts and withdraw part of the funds from the exchange.