Short Entry upon Channel BreakdownIt's Snipe O'Clock!
AKRO pumped over 200% in a month
The pumps and dumps created an ascending channel
Price is on the verge of breaking down this channel
BTC is also bearish short-term
Let's see if this will play out.
We can short upon a clean breakdown of this channel.
TP1 at $0.0135
TP2 at $0.00866
Please ensure risk management and stop-loss (trailing $0.0142, $0.0152 $0.01562) as this coin has a pump-and-dump nature. It might pump to the upper channel first before the next drop.
Happy Sniping!
Akrosudt
AKRO Testing Support and ready to bounceAKRO has found a support at 0.028 zone and have tested it twice on 1 hour chart.
Also on a 2 Hour chart, it has found support on 2/1 level of Gann Fann.
So overall pattern looks good and it might potentially bounce back up from these levels and retest Resistance at 0.030 zone.
There are two possible scenarios for AKRO
Scenario 1 (Black path) - AKRO to find support on 2/1 level (Blue Support) of Gann Fan and move up to retest Resistance zone
Scenario 2 (Red path) - AKRO to go below 2/1 level and find support at 0.028 zone and move up from there
If you like my analysis then do drop a LIKE and a COMMENT. Also do SHARE it with your friends.
Also don't forget to smash that FOLLOW button to get daily analysis of multiple crypto currencies and sometime ASX stocks.
Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely