So today i decided to look at a coin that broke up a few days ago (i didn't get in before the call), The Hemp Coin or $THC.
At a high of 1290 Sats 1 day ago, it has dropped about 50-55% of its value to 500+ sats today. I will be looking at the market trend now.
The horizontal dashed line is a support/resistance line that has been tested and proven itself many times in the past. Further, this line has been further supported by the ichimoku clouds that lend strength to this support. As we can see, $THC has tested this support last night and have yet to break under it. I think that $THC will continue to test this line judging from the consistent bears and reduced volume.
My opinion is to HODL until it closes under the support (then you should sell off majority of your holdings in $THC) OR look to buy if it closes under.
At a high of 1290 Sats 1 day ago, it has dropped about 50-55% of its value to 500+ sats today. I will be looking at the market trend now.
The horizontal dashed line is a support/resistance line that has been tested and proven itself many times in the past. Further, this line has been further supported by the ichimoku clouds that lend strength to this support. As we can see, $THC has tested this support last night and have yet to break under it. I think that $THC will continue to test this line judging from the consistent bears and reduced volume.
My opinion is to HODL until it closes under the support (then you should sell off majority of your holdings in $THC) OR look to buy if it closes under.