If this area holds, we're still in a recovering structure with higher lows. Additionally, a break of 315 will give us a new swing high as well.
A definitive break and close above 300 is seen by many participant as decisive evidence that we're in an uptrend.
I expect this to coincide with the moment were 'less informed' money will be able start buying the .
My anticipation is that we'll see choppy moves up and down along horizontal levels with an upside bias until we reach 300 again.
After that, panic WILL eventually strike as longer term shorts will get squeezed out and longterm bulls will come into play as well.
Price action technicals and Big Money rationale line up perfectly to pump this shit up to distribute the coins that have been accumulated for the past 3 months.
We've seen capitulation 2,5 months ago when we broke 200 and bounced back violently.
Long story short, we're at a pretty important key level now. Sagging below the OTE longzone will prove the bulls to be too weak to push above 300 when the time is there.
Break below 230 will be serious danger for positive outlook for MONTHS to come. Breaking below 210 will bring us to new lows, as market structure on the will be broken to the downside again