I can see many going long on this coin but at this time I think I might be the only one not going the same way with others base on the techinical analysis
Reason for going opposite which is short is
1 Has broken the up trend and yet to continue the trend
2 forming a good down trend with 2 touch point already from the chart
3 already completed form head and shoulder patter which we all know is a short signal
4 a divergence in the RSI which I indicated with small white line
5 price going under 200 MA
So with all this the only confirmation to make me certain about this is price retesting the 200 MA and move below the swing low of the pull back that brought about the retest while that is playing out the neck then will be broken at the same time then here comes my confirmation and then boom to 9.5 which will gonna be a great support for a pump
Entry : green line
Tp : yellow line
SL : White line
Short only if and only the last confluence is completed
NAFA meanwhile
DYOR thanks
Reason for going opposite which is short is
1 Has broken the up trend and yet to continue the trend
2 forming a good down trend with 2 touch point already from the chart
3 already completed form head and shoulder patter which we all know is a short signal
4 a divergence in the RSI which I indicated with small white line
5 price going under 200 MA
So with all this the only confirmation to make me certain about this is price retesting the 200 MA and move below the swing low of the pull back that brought about the retest while that is playing out the neck then will be broken at the same time then here comes my confirmation and then boom to 9.5 which will gonna be a great support for a pump
Entry : green line
Tp : yellow line
SL : White line
Short only if and only the last confluence is completed
NAFA meanwhile
DYOR thanks