TOMO/BTC (Retest Swing Low? Potential Double Bottom?)
BINANCE: TOMOBTC
-TomoChain is pulling back since the recent rejection at trendline resistance
-If this retracement will continue, highly probable to retest the swing Low at 5246 sat
-It will be another -13% drop from the current price
-That zone will is a decision time to break the resistance line or fall lower
-My opinion, the 5200 sat range will not break easily
-Because it is a strong confluence of previous resistance turned support
-The demand in this range is high but if BTC will fail, this will likely break also
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Trading Involves High Risk
Not Financial Advice
Please Exercise Risk Management
``````````````````````````````````````````````
If You Like My Daily Published Ideas
A little Help By Supporting My Channel
Through Leaving A Thumbs Up, Comment & Follow
Happy Trading! --> Thank You! :)
``````````````````````````````````````````````
-TomoChain is pulling back since the recent rejection at trendline resistance
-If this retracement will continue, highly probable to retest the swing Low at 5246 sat
-It will be another -13% drop from the current price
-That zone will is a decision time to break the resistance line or fall lower
-My opinion, the 5200 sat range will not break easily
-Because it is a strong confluence of previous resistance turned support
-The demand in this range is high but if BTC will fail, this will likely break also
``````````````````````````````````````````````
Trading Involves High Risk
Not Financial Advice
Please Exercise Risk Management
``````````````````````````````````````````````
If You Like My Daily Published Ideas
A little Help By Supporting My Channel
Through Leaving A Thumbs Up, Comment & Follow
Happy Trading! --> Thank You! :)
``````````````````````````````````````````````
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.