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P_S_trade
Oct 18, 2022 9:23 AM

When is it worth taking an ANKR long position ? 

Ankr / Tether USWhiteBIT

Description

Today, ANKRUSDT is trying to break through the trend line for the second time, which indicates a yearly downtrend.
The previous attempt by ANKR buyers to break through the trend line failed in August 2022 and after that, the price fell by another -60%.

Now it's too late to enter the ANKRUSDT long, it's better to observe the price behavior.
If the buyers of ANKRUSD manage to keep the price above the red trend line and above the liquidity zone of $0.03-0.032, then a strong long to the area of $0.06
If sellers push the price below $0.03 again, then there will be no problem to fall even lower -30-40%, at least to $0.024.
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Comments
FX_Professor
Nice chart and well timed, already going well! Thanks for sharing Professor
YMGroup
Great work for ANKR! I think you are right
DeGRAM
Thank you. Great job.
JoeChampion
Thanks!
ProjectSyndicate
logical sequence for ANKR
Solldy
Very good reasoning for the idea. I even left a few notes from it on my chart. Thanks, for your view, mate!
ProSignalsFx
Cheers!
TopTradingSignals
Yes, same opinion!
TraderAmin-KZ
great idea
Michael_Winner
Nice ankr analysis, many thanks mate.💡
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