Hello traders! Taking a look at the coin, we see that it broke out of a down channel and is looking to rest def or enter a small up channel. If we don’t see that re-entry to the rising channel, we may see a bullish reaction to continue upward. If we do see a re-entry, we could possibly see a push to the downside to retest structure which could validate the rising channel if the market reacts. Just some ideas of where the coin might roll. This is shared for educational purposes and should not be interpreted as a signal. Our job as traders is to react from the market not from predictions. Trade smart don’t gamble.
-Rum
-Rum
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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.