The price is hanging below 0.5 retrace and looking ready for a good dip, I expect support at the other fib levels to not make the dump a straight line, and keep buyer interest before the final crush to 12 area (if lucky).
As you can see from the chart it failed to push through the top resistance, where it reversed. It looked rather good as it tried to break it, but immediately showed its hand and collapsed taking all fomo buyer money. Now it is doing a silly attempt to attract more buyers before the crush lower. I would short the greens this weekend.
If we have a complete collapse and bull capitulation, we might even see as low as 5.85$ which is bottom bollinger bands.
All in all, perhaps buy if you see an inverse head and shoulders from a bottom. Fomo can rek you, wait for the pattern and educated decision and be ready to "miss it" knowing its probably a scam temporary pump if there is no real ground beneath the move
And in worst case scenario it is heading straight to 0.
Do you want to buy it when it dips? The answer is maybe, try low risk trades and dont hodl if they fail.
As you can see from the chart it failed to push through the top resistance, where it reversed. It looked rather good as it tried to break it, but immediately showed its hand and collapsed taking all fomo buyer money. Now it is doing a silly attempt to attract more buyers before the crush lower. I would short the greens this weekend.
If we have a complete collapse and bull capitulation, we might even see as low as 5.85$ which is bottom bollinger bands.
All in all, perhaps buy if you see an inverse head and shoulders from a bottom. Fomo can rek you, wait for the pattern and educated decision and be ready to "miss it" knowing its probably a scam temporary pump if there is no real ground beneath the move
And in worst case scenario it is heading straight to 0.
Do you want to buy it when it dips? The answer is maybe, try low risk trades and dont hodl if they fail.
