The 200 EMA is a strong support line at the moment.
The risk / reward here is good for a LONG. Put your stoploss (10% loss from your entry) under the 200 EMA.
If it breaks below 200 ema and stays then its time to get out. But This could be a good bounce upwards from here. Especially with the updates coming in September and over the coming months from IOHK (Input Output Global)
Comment
Bear in mind, we could see some sideways action for the next few days/weeks.
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