Loom Network produced a massive 1,250%+ bullish wave from August through October last year. It went on to produce a classic correction and today this pair called my attention.
There isn't much to say here after such strong growth. ➖ LOOMUSDT remains strong relatively speaking, when we compare current price with last years lows.
Those that move strongly tend to continue to perform strongly throughout a market cycle. Loom Network was great last year and so it is likely to do great in its coming wave.
➖ We have a classic higher low which should lead to a higher high and a higher high implies huge potential for this pair short-term.
➖ Low risk (I would use an extremely tight stop-loss) with a high potential for reward (it is safe to aim at a higher high based on chart signals).
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.