The price action is not odd, but fascinating. It made a tilted double bottom pattern (W) that only forms when demand on lower levels are elevated.
A nice pullback to the upper border of the raising wedge or the double bottom's neckline would let the rally continue to $0.0069 or even it could get perpendicular towards $0.01.
Let's see where it goes.
A nice pullback to the upper border of the raising wedge or the double bottom's neckline would let the rally continue to $0.0069 or even it could get perpendicular towards $0.01.
Let's see where it goes.
Trade active
Its visible on the chart that its following the double bottom breakout, and seems likely that primary aim is $0.01 target.Note
We are very close to the target, but before it reaches, I hope many have booked 60-70% of their position. It's obvious if you are a vet, you must have booked some profit already, but if you missed booking some before any tragedy occurs, these are high risks, you know."Not my financial advice", only telling what a vet must be doing here and risking only 30% for $0.01 target.
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Disclaimer
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.
