WAVESUSDT have breakout the resistance line as i draw and the resistance line is supposed to become a support line. Coincidentally, that area is also the 0.618 retracement target from $8 to $62.
Although waves coin is accused for "the biggest Ponzi in crypto" for some fundamental reasons, I still believe that there might be some opportunities for us to trade for some sorts of bounce. Because from the technical view, this coin might be oversold and the bear need to close their short position to take profit.
I am not saying it is 100% to bounce. Instead, there are indeed some opportunities and it requires us to find some reversal signals based on your strategies and trading style. Enjoy this idea!
Although waves coin is accused for "the biggest Ponzi in crypto" for some fundamental reasons, I still believe that there might be some opportunities for us to trade for some sorts of bounce. Because from the technical view, this coin might be oversold and the bear need to close their short position to take profit.
I am not saying it is 100% to bounce. Instead, there are indeed some opportunities and it requires us to find some reversal signals based on your strategies and trading style. Enjoy this idea!