1000SATS approaching critical reversal levels
1kSATS pretty much wiped out all of its profits last week in a heavy retracement from the recent high of 0.0003420 all the way down to 0.000153.
the good and the bad about this price level.
this seems like a very deep pullback in a strong uptrend, critical support has not broken yet, this is a good thing ~ bullish
we found support at .00015ish or the .000236 fib ~ short term neutral
We did however, put in a new lower high for the history of this coin ~ bearish
it currently is unclear to me if we will continue downwards towards more doom and gloom or if we retrace to new highs. but I will be entering long here, as the fib level has finally held support. and looking for a retrace up near local highs.
please trade carefully, or hold spot and cash mixed incase bigger buying opportunities arise like prices under 0.00011.
although this asset may not break .0009 tomorrow, I do believe within 4 years this asset could be, so I'd honestly be happy to load up below 0.00011
the good and the bad about this price level.
this seems like a very deep pullback in a strong uptrend, critical support has not broken yet, this is a good thing ~ bullish
we found support at .00015ish or the .000236 fib ~ short term neutral
We did however, put in a new lower high for the history of this coin ~ bearish
it currently is unclear to me if we will continue downwards towards more doom and gloom or if we retrace to new highs. but I will be entering long here, as the fib level has finally held support. and looking for a retrace up near local highs.
please trade carefully, or hold spot and cash mixed incase bigger buying opportunities arise like prices under 0.00011.
although this asset may not break .0009 tomorrow, I do believe within 4 years this asset could be, so I'd honestly be happy to load up below 0.00011
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