Fib levels appart, we can obviously see a trading range with hight indecsision of the market, where the price drops every time it hit the top of the trading range resistance. That main resistance create actually in my opinion, the biggest challenge for the price to go highter. if the price drops after rejecting again on the bear trend resistance, its possible that we can expect again, a drop of 12%, that will likely push the price to the 0.04650 fib level retracement, and will luckly give us a bottom if the price show some entry signal (low on 30mn chart, oversod indicator, and a price breaking the resistance).
From indicator side, the is still too hight for a almost safe entry in my opinion, show some indecision from buyers and sellers (no oversold, and no overbuy), are decreasing from 20 Million to 5 million from yesterday, but the show good sign but its in my opinion a buy trap due to other indicator and the chart who show verry sign.
In conclusion, in my opinion, because of the chart and indicators, im still verry on this trade, until we hit the possible new short term bottom of the 0.04650 fib level. Any entry before we broke upward the channel or hit that botom level, are really dangerous, with a possible 12% drop risk, keep in mind the token was sale to 0.015 and its verry bottom still this price.
not a trading advice, im just sharing idea. I apologise for the bad english.
This is actua
The price on verry short term (1mn candle) is actually good.