LOCG/USDT possible parabolic reversal
Falling wedge, heavily oversold (RSI well under 20), expe ting to see a nice reversal before it touching a SL set at 0.41, targets on the chart.
Since the token is traded on Kucoin (6mil active bots jumping on volume 24/7) if MACD reverses here, there is a fair chance of serious pump will occur as long as volume increases.
Tip: I wouldnt enter this trade without setting some targets because this pumps are very quick and those long wicks can make you miss out on taking some serious profits.
Since the token is traded on Kucoin (6mil active bots jumping on volume 24/7) if MACD reverses here, there is a fair chance of serious pump will occur as long as volume increases.
Tip: I wouldnt enter this trade without setting some targets because this pumps are very quick and those long wicks can make you miss out on taking some serious profits.
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.