There's been some crazy pumps lately, likely looking to trigger that short squeeze. Its hard to say how much, if any of it is organic or just pure pump n dump manipulation.
Either way, if we did see some more upside form this latest pump, here are my thoughts. The green OB represents previous resistance, now turned support, and the red OB indicates the point where we previously had a big selloff begin. This would likely be the next target.
Either way, if we did see some more upside form this latest pump, here are my thoughts. The green OB represents previous resistance, now turned support, and the red OB indicates the point where we previously had a big selloff begin. This would likely be the next target.
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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.