TOTAL2 losing $980B was bad. Too bad it will likely lose $800B support as well, maybe after another accidental bad news that triggers it. $700B is also a strong support, the next pullback could reach there.
But since $800B is a long-term support, the price will likely bounce from here, probably after another short bearish move to liquidate the longs. Things can look good on paper but are unlikely to go well. Treat the upcoming pullback as a chance to sell everything if you're in loss and missed the exit window. Alts can lose another 50%, and TOTAL2 could bottom at around $400-500B , but it's too soon to say that.
Don't risk your money looking at RSI or BB in the coming months. didn't have time to draw things on chart. Don't let the whales fool us again. سَامٍّ يَمُوتُ بِسُمِّهِ
but If TOTAL2 reclaims $980B with volume and holds above it for a weekly close, the breakdown was a fakeout. In that case, alts could see a relief rally toward $1.2T.
But since $800B is a long-term support, the price will likely bounce from here, probably after another short bearish move to liquidate the longs. Things can look good on paper but are unlikely to go well. Treat the upcoming pullback as a chance to sell everything if you're in loss and missed the exit window. Alts can lose another 50%, and TOTAL2 could bottom at around $400-500B , but it's too soon to say that.
Don't risk your money looking at RSI or BB in the coming months. didn't have time to draw things on chart. Don't let the whales fool us again. سَامٍّ يَمُوتُ بِسُمِّهِ
but If TOTAL2 reclaims $980B with volume and holds above it for a weekly close, the breakdown was a fakeout. In that case, alts could see a relief rally toward $1.2T.
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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.