The LOOM symbol has been rising for some time and with its listing in various exchanges, especially in the futures section, its trading volume has increased and has become more bullish.

But you should note that it is now in a resistance order block and the origin of a falling movement.

If you are thinking of buying, you should be careful because if the approvals are issued, the price can change and move towards the green area.

The upward momentum is strong and confirmation and triggers are likely to be issued before the fall.

We have 3 big waves, as abc. Now the third wave, c, at the 0.718 fibo is wave a, which is a resistance zone.

We also had two liquidity pools, which I marked with the $$$ sign, and these pools were also collected.

We still don't have a confirmation or a trigger for the drop, but we are in an important resistance zone. This analysis will be updated soon

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