vazitrades

Strong TOMO

Long
Honestly, this is one of the best coins to trade, in my opinion. Because it has certain strong levels where this coin perfectly comes. And usually it does crazy pumps and crazy dumps.


Currently TOMO looks pretty bullish. Again it came to 0.95$ support level, where it has Weekly 50 and 100 ema that were standing as support. Right now I expect that Tomo will come back to 1.31$ resistance, where its very important to see the breakout above that resistance, in this case coin can go higher towards to 1.63$ and only after breaking that resistance we can see the coin at 2$ (look at numbers 1 and 2)

If TOMO wont manage to break 1.63$ level, in this case it will return back to 1.31$ which will stand as Support! Where the bounce is possible. (n.3)

If the coin will close at least with 4H below 1.31$, then we can expect continuation of the downtrend towards to 1.05 - 0.95$ (n.4)

Breaking below these levels will lead TOMO even lower. On the chart you can see other important support levels (n.5)

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.