Pros
Cons
I would wait to see if we can hold the lower support level. If it can, then a few more tweets and media coverage could pump this up to the magic level.
Set stop losses...
- Heavy media coverage
- Eleon Musk
- FOMO
Cons
- Selling Volume increasing
- FOMO
- Lots of new Crypto users who are more prone to panic sell and not HOLD
- RSI weakening
- Huge sell wall before $1. I.E everyone thinks it could get to $1 so I'll set a limit at 95c, 90c, 80c etc.
- Holders who have made big profits will cycle into other alts
I would wait to see if we can hold the lower support level. If it can, then a few more tweets and media coverage could pump this up to the magic level.
Set stop losses...
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.
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.