TOMO - Approaching Support Level - 55%+ Potential
Like many alt coins, TOMO is reaching it's bottom support level after a decent little pump following the last market dump.
Right now it's actually punched through it's historic upward trend-line, the solid faded yellow line. but has stalled out on it's drop.
We can either buy the breakout here when it moves away from the dashed green line, or you could buy now and fairly safely SL below the previous low, dashed red line.. Support seems decent once we punched through the trend-line which gives a decent probability to the bottom holding if we get there.
Potential TP's are marked on the chart.
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I'm a guy that you don't know posting his ideas on the internet for the sake of improving as a human being. If you take this as financial advice, that's on you.
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Right now it's actually punched through it's historic upward trend-line, the solid faded yellow line. but has stalled out on it's drop.
We can either buy the breakout here when it moves away from the dashed green line, or you could buy now and fairly safely SL below the previous low, dashed red line.. Support seems decent once we punched through the trend-line which gives a decent probability to the bottom holding if we get there.
Potential TP's are marked on the chart.
--
I'm a guy that you don't know posting his ideas on the internet for the sake of improving as a human being. If you take this as financial advice, that's on you.
If you like my analysis, then leave a like and feel free to follow for more free content. Feedback, criticism and crude humor are welcome :)
Comment:
TP #1 Hit @ .6743
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t.me/KadnimCrypto
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