Retrace seems to be creating a solid support line - for now...
A loss of current support may indicate further downside but with lower support converging on retrace I'll be looking for indications of a move higher within the next 24hrs.
Those that sold the top may be seeking re-entry and the TA suggests this is the place for it.
The alternate will be a loss of support and heavy dive back to lower entry prices.
Low cap like this is also at the mercy of the market so keep on eye on the major players for indicators of market moves.
Lack of volume currently but this can change within one candle.
One to watch for a day or two. If it goes, (one way or the other) I think it'll go fast.
As always, this is not financial advice. DYOR!
Just my thoughts and TA.
Bingaz.
A loss of current support may indicate further downside but with lower support converging on retrace I'll be looking for indications of a move higher within the next 24hrs.
Those that sold the top may be seeking re-entry and the TA suggests this is the place for it.
The alternate will be a loss of support and heavy dive back to lower entry prices.
Low cap like this is also at the mercy of the market so keep on eye on the major players for indicators of market moves.
Lack of volume currently but this can change within one candle.
One to watch for a day or two. If it goes, (one way or the other) I think it'll go fast.
As always, this is not financial advice. DYOR!
Just my thoughts and TA.
Bingaz.
