SUPER / TetherUSLong
Super rejects the 2021 resistance
As I expected the first attempt at this June 2021 resistance was a heavy denial. This could be old bag holders exiting at break even. Traders are also likely to play this key area. The token has quickly dumped into the 4 hour demand here which is rather large. The token was way overheated. Consolidation is needed before another attempt. The RSI remains in the upward channel, and we still have strong volume. The dashed red lines are a new support that has been forming in the last 24 hours. I am net bullish here, non levered and holding.
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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.