Trump coin has come back to support.
This is a critical level, and price needs to respect support for me to feel bullish about this.
I'm not ruling out another test of the low, and if support is respected, there's a possible entry long there with a stop below the low (with a little space in case there's a liquidity hunt).
Probably a safer choice would be to wait for confirmation (planting a higher low and entering there). The daily does show rsi and stoch relatively low which indicates that price could be close to reversal.
This is a critical level, and price needs to respect support for me to feel bullish about this.
I'm not ruling out another test of the low, and if support is respected, there's a possible entry long there with a stop below the low (with a little space in case there's a liquidity hunt).
Probably a safer choice would be to wait for confirmation (planting a higher low and entering there). The daily does show rsi and stoch relatively low which indicates that price could be close to reversal.
Trade closed: target reached
price coming back to the support now. Let's see whether support is respected.Telegram: t.me/theNinjasDojo
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Telegram: t.me/theNinjasDojo
TV Referral link: tradingview.com/pricing/?share_your_love=jod45m
TV Referral link: tradingview.com/pricing/?share_your_love=jod45m
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.