After its recent listing on Binance, the coin formed a strong level at $1.90 with multiple touches. Today, an attempt was made to break this level, resulting in numerous anomalies on the cluster chart and the formation of a strong volume zone at $1.93–$2.
If this zone is tested and a strong selling reaction appears, we open a short position. If there is no reaction and the price consolidates above this zone, it will confirm the buyers' intentions. In this case, we expect further upward movement and treat this zone as a mirror support level.
If this zone is tested and a strong selling reaction appears, we open a short position. If there is no reaction and the price consolidates above this zone, it will confirm the buyers' intentions. In this case, we expect further upward movement and treat this zone as a mirror support level.
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Unlock your potential in trading
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.