After a prolonged rally on this asset, we are observing strong buy absorption. A significant volume zone has formed above the current price at $0,094–$0,102 — if price retests this zone and shows a bearish reaction, we consider opening a short position with a first target at $0,077.
This publication is not financial advice.
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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.