Short
$LOOM loom's Broadening Wedge
Updated
LOOM'S price action has been on a tear for weeks as price has only moved upwards, now creating a broadening wedge...
Will this wedge continue to broaden or is a retracement imminent?
#Loom can retrace to Lower prices: 0.25, 0.23, 0.21, 0.19 , 0.17 OR
Price action can continue to newer heights: 0.32, 0.35
Current price: 0.27
Stop loss : 0.282
Will this wedge continue to broaden or is a retracement imminent?
#Loom can retrace to Lower prices: 0.25, 0.23, 0.21, 0.19 , 0.17 OR
Price action can continue to newer heights: 0.32, 0.35
Current price: 0.27
Stop loss : 0.282
Trade closed: stop reached
Newer resistances reached 0.32, 0.35
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