Well, the altcoin is new to the market and, for now, it has experienced a nice correction. So, it would be a good idea to consider buying it around 0.786 on the Fibonacci retracement level (the price is approximately 6.2) or at the first support level, which is around 6.6. Additionally, there is moving average on the 1-hour and 4-hour charts. While this may not hold significant weight by itself, it does provide an additional argument in favor of buying at those levels.
Trade attivo
The first try 6.6, let's goNota
fixed some at 12% of profit, niceTrade attivo
Double bottom. One more Long from 6.6 :)Nota
1-hour candles indicate that buyers are still weak. The main resistance is at 8.0Trade attivo
3rd bottom? One more longNota
Be cautious; the buyer is still weak until we break the local resistance at 7.2, which requires an impulse. It could potentially drop from 6.6 to 6.2, and if there aren't enough limits to support it, we may see the price go even lower.Nota
You must have already 10% of profit, if not, what are you doing here ;)Nota
I'm glad I've fixed this at 10%. Another breakdown, as I wrote earlier ;PNota
If buyers can't hold the 6.2, then a drop to $5 is possible, as this currently the nearest strong support.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.