Tkat is approaching a strong area of demand. These zones come from areas of balanced markets followed by large bullish or bearish moves. The theory is that there are a mass of unfilled buy orders sitting at that balanced range, who remain poised. These positions are usually taken by institutions, who created the initial unbalanced market in the first place.
Tkat is a bottomed out play at this point, with NFT names moving similarly on thin air over nothing, expect a real PR to do heavy work to this stock. TKAT just closed a private placement at a large discount 6 days ago, which makes dilution feel less likely., if anything I think we see more upside. Look for large volume candles in the coming days that are bullish and confirm the theory of the demand zone. Otherwise be prepared to cut swing below the zone.
Tkat is a bottomed out play at this point, with NFT names moving similarly on thin air over nothing, expect a real PR to do heavy work to this stock. TKAT just closed a private placement at a large discount 6 days ago, which makes dilution feel less likely., if anything I think we see more upside. Look for large volume candles in the coming days that are bullish and confirm the theory of the demand zone. Otherwise be prepared to cut swing below the zone.