Pluton / TetherLong
What will plu do?
Be aware I am a beginner at TA so no financial advise here. I just want to share with you what I have learned. Sometimes I want to apply it and see if the indicated behaviour will go that way.
First I drew the (super?) trend line, then a line which indicates a previous resistance. Assuming the price will follow the trend line (if BTC wants) and when it hits resistance it will break through the resistance. An breakout mostly is followed by a retest of support (previous resistance) with enough money it will then find the next level and than again. I have to high targets it does feel like a lot of movement but we shall see.
First I drew the (super?) trend line, then a line which indicates a previous resistance. Assuming the price will follow the trend line (if BTC wants) and when it hits resistance it will break through the resistance. An breakout mostly is followed by a retest of support (previous resistance) with enough money it will then find the next level and than again. I have to high targets it does feel like a lot of movement but we shall see.
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