Decentraland popped causing FOMO to many people to chase the green now it is at a critical place with weaking strength. Watchout carefully here if you are long. If it doesn't turnaround here at 2.75
Test of VWAP from lows is coming at $2.50
Need to see what happens there. Try to have good stops and keep it on short leash if you are planning to hold it through.
If it indeed manages to hold 2.50-2.75 then it can easily push back to $5.00 again
$2.50 key leve
$2.75 watchout Zone
$2.00 is next key support zone
Upside target in case of hold and breakout
$3.50
$3.76
$4.00
Test of VWAP from lows is coming at $2.50
Need to see what happens there. Try to have good stops and keep it on short leash if you are planning to hold it through.
If it indeed manages to hold 2.50-2.75 then it can easily push back to $5.00 again
$2.50 key leve
$2.75 watchout Zone
$2.00 is next key support zone
Upside target in case of hold and breakout
$3.50
$3.76
$4.00
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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.
Related publications
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.