Market reacting to what I think is a very strong support level. But that's just me.
Not trading advice. This is a new coin and is pretty high risk.
Note
Broke support but seems to have caught bids at 0.005 which is the preceding higher low and a logical support level. IMO this is still constructive. Let's see how this develops and how the week closes (very important).
Note
Note
Trying to pop back above support levels? This is a strong bullish signal if confirmed by a daily close.
False breakouts usually mean that there will be trapped bears in there so one may watch out for a strong rally to occur as those bears give up and start buying back their shorts.
Note
Buying pressure definitely building here. See how the lows are slowly leveling off?
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.