Many people have asked to analyze the REEF coin.
On the chart, you can see a big value area. The price has tried several times to break through the lower boundary of this area, but so far without success.
There are two scenarios at the moment:
- Either the price will return to the resistance level, squeeze and then break the resistance level.
- Or the price will break below $0.025, collect liquidity and then break through resistance.
In both scenarios, this is a good buying opportunity after breaking through or retesting this level as support.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.