TOMO/USDT: What's Next? 📉Tomo
🔮 Brace yourself for a market update! After careful analysis, it's evident that the recent breakout wasn't the real deal – it was a manipulation zone. Now, we're expecting a retest of key levels and possibly the beginning of a distribution phase. 📈📉
But remember, this isn't financial advice; it's crucial to conduct your research before making any trading decisions. Stay informed, stay sharp! 💡📊
Tomousdtanalysis
TOMO/USDT Resumes Bullish MomentumBINANCE:TOMOUSDT
TOMO/USDT: Massive price decline to support level 0.9347 after testing 1.66, followed by a resumption of upside momentum.
A bullish breakout above resistance level 1.377, creating a new higher high or confirming the higher low pattern, would be required to validate this price action. At this point, a long entry could be considered.
The 4-hour timeframe shows that the price is creating higher highs and higher lows, which is a bullish technical indicator.
However, it is important to note that the cryptocurrency market is volatile and that prices can move quickly in either direction. It is always advisable to do your own research and to trade within your risk tolerance.
Disclaimer: This is not financial advice. Please do your own research before making any investment decisions.
TOMOUSDTBINANCE:TOMOUSDT situation is as follows:
A descending channel has formed, and we can confirm it with multiple price bounces off the channel. Ignore the shadows that extend beyond the channel; they are only stop hunts and liquidity grabs. There is a possibility that the price may decline to $1.25 and then bounce back up from there or complete the downtrend until it reaches the bottom of the channel.
"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
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TOMO target 2.8~3.51D time frame
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TOMO consolidating in the support zone (white box)
Also the Fib retracement 0.382 level.
Here is a good timing to set trading plan.
TP: 2.9~3.5
SL: 0.82
*Notice SL is far from entry
TOMO looking bullish (Long Setup)I expect a minor pullback to the highlighted area and at least a 15% growth from there!
NFA
TOMO/USDT shortToday we are exploring the possibility of a short on TOMO, whilst applying leverage to take advantage of a potential dip in the instruments value:
Entry: 0.484
Targets: 0.48 - 0.4755 - 0.4705
TOMOUSDT AnalysisHello friends.
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Everything on the chart.
open pos: market and lower
target: 3.7 - 4.5 - 5.5
after first target reached move ur stop to breakeven
stop: ~under 2.2 (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 5
risk is justified
Good luck everyone!
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It's not financial advice.
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