TOMO/USDT : Possibility for pullback from current level
BINANCE:TOMOUSDT
Hello everyone 😃
TOMO is moving into an ascending channel.
Now it's into a support zone which is located near channel's lower !
We expect a retest on channel's lower line, Then there will be a chance for TOMO to pullback.
🔴 Volatility is at sell limit zone but on higher timeframes, It's having a bearish crossover, So it's not safe to take long without confirmation..
Wait for confirmed pullback.
📌 Also there is a resistance trendline, Which is forming a rising wedge with channel's lower line !
It can become a short-term resistance and majority for rising wedge is bearish, So we will play safe take our profits at rising wedge higher line ( resistance trendline ).
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
Helical_Trades
Hello everyone 😃
TOMO is moving into an ascending channel.
Now it's into a support zone which is located near channel's lower !
We expect a retest on channel's lower line, Then there will be a chance for TOMO to pullback.
🔴 Volatility is at sell limit zone but on higher timeframes, It's having a bearish crossover, So it's not safe to take long without confirmation..
Wait for confirmed pullback.
📌 Also there is a resistance trendline, Which is forming a rising wedge with channel's lower line !
It can become a short-term resistance and majority for rising wedge is bearish, So we will play safe take our profits at rising wedge higher line ( resistance trendline ).
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
Helical_Trades
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TELEGRAM :
t.me/Helical_Trades
Instagram ( Persian - فارسی ) :
instagram.com/helical_trades/
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