We previously analyzed this coin for a short setup, which played out well.
Now we’re noticing seller weakness and a failure to push new lows. A local support zone has formed at $0.00065–$0.000598, and we’ve already seen an initial bullish reaction from it.
We are considering a long from this zone or on a false breakout below the local low at $0.000589.
The primary target for the move is $0.000665.
This publication is not financial advice.
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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.