What an ugly chart..
I was stopped out of a remaining position at 1240 and around 900 sats, after profit taking.
Daily sell volume is decreasing which is good. Observing buyers coming in, so far it is weak. Want to see the 30 day moving average hold (yellow) on the right hand side.
If it comes back from the dead, we're looking at strong resistance at 1080-1130 sats. A falling wedge is forming as depicted, would like to see support hold, if not - game over (temporarily), until next pump comes back in. I think it is likely to come back, given the massive buy wall at 600 sats, which is where the 30 day exponential moving average is - this usually acts as strong support.
Summary - Should have gotten out by now, if you're hodling, id want to watch those key support areas hold. When enough buyers come back in I'll look to buy the dip and take profit at significant resistance zone.
I was stopped out of a remaining position at 1240 and around 900 sats, after profit taking.
Daily sell volume is decreasing which is good. Observing buyers coming in, so far it is weak. Want to see the 30 day moving average hold (yellow) on the right hand side.
If it comes back from the dead, we're looking at strong resistance at 1080-1130 sats. A falling wedge is forming as depicted, would like to see support hold, if not - game over (temporarily), until next pump comes back in. I think it is likely to come back, given the massive buy wall at 600 sats, which is where the 30 day exponential moving average is - this usually acts as strong support.
Summary - Should have gotten out by now, if you're hodling, id want to watch those key support areas hold. When enough buyers come back in I'll look to buy the dip and take profit at significant resistance zone.
Trade closed: stop reached:
Aaaaand its gone.