Price is currently caught between multiple levels of support and resistance with #FILECOIN.
After a steady bull move up to around $8.5 we've received a sell signal from Crypto Tipster v2.
We could be seeing the price decline to $5.2 or even further.
What Do You Think?
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We said it'd be a bumpy ride down! After breaking 2 levels of support we returned to break above one only to see a large red bar down again! Phew..
Currently an open profit with this trade and we'd keep it open for now, move your SL to break even and expect more volatility!
My trading app says 6.3-7 is support after a break out next stop 11.67.
theCrypster
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@simpsonepic1a, $6.3 - $7 is most definitely support 👍 but is it strong enough to maintain the price above, that is the question! 🤔
simpsonepic1a
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Sorry yes i see all your charts a shorts.
theCrypster
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@simpsonepic1a, Most of our recent Ideas have been shorts when you look at our profile. Lots of these are updates from Ideas posted earlier in the year rather than fresh/up-to-date shorts though 😉