Loom Resistance

theformalfox Updated   
Flip both the heavy horizontal AND the weekly 50MA at +$0.09 and we may see higher in the following weeks. Otherwise, both of these have played as heavy resistance for Loom.

The recent mini-pump from the CB listing may have been an exit pump. Stops are prepared. DYOR. This is a trading journal, not financial advice.
Trade active:
Sold most of my original smaller entries at $0.1158. Officially reentered the trade on this dip. Closing this week above 50MA would be possitive. Invalidation if we break back below $0.084.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.