Numerous explosion levels found here. Not too late to enter here l don't think either.
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Rebuy from $22 level as last retrace went 65% looking for a similar retrace here.
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If price breaks below the trend support the green box presents best opportunity to get back in. Close below that and further retracement is more likely.
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Price is failing to gain above trend line so and last time it was a very weak bounce off a hold level. This is not bullish price action. So areas to watch is $20 especially and a lesser extent $25.
Do you think that we'll see our ATH again in short term? Because it's looking like a descending triangle.
Andrewthetrader
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@amizmiz1, How short term are we talking about? Re-accumulation can take time it needs to stop making new lows and start making higher Lows while attacking Break Levels to push higher. It still hasn't stopped forming lowing lows as yet, thus you see a descending triangle shape.
amizmiz1
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what do you think it's looking like rn?
omda72
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explosion already happen, unfortunately, I entered late at 28$.
Andrewthetrader
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@omda72, Better late than never my friend... enjoy the ride and the $$$!
@omda72, If you scared in a trade you probably have too much invested. Must watch short time frames to see if it loses momentum. When it is in ATH area easy for price to continue flying up, see defi coins this year. No resistances.
Principum
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@omda72, damn hope you held it, bitch is up to 45 now
lindytrades
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Hey Andrew what are your thoughts on what it's doing now? It kind of looks like cup and handle and could explode again like it did earlier.