LEND UPDATED ANALYSIS (BOTH TARGETS REACHED!)
LEND
LEND hit the buy in target PERFECTLY! Congrats to those who entered. Both targets were hit and PASSED! LEND hit a high of over 315 sats. I would highly recommend taking profit now, for those who haven’t. Considering the current high volume and oversold levels, I expect a retrace coming back towards new temporary support and previous resistance at 270 sats. This could provide a new opportunity to long. Wait for the retrace back into the red zone (new support) and look for a strong reversal candle to buy back. Considering T2, which was previously hit is below the new support, I would not wait for that low to come into place. A candle below T2 may mean a further retrace. Look for inside the two previous highs of 215-260 sats! Cheers.
Possible re-entries: 215-260 sats
LEND hit the buy in target PERFECTLY! Congrats to those who entered. Both targets were hit and PASSED! LEND hit a high of over 315 sats. I would highly recommend taking profit now, for those who haven’t. Considering the current high volume and oversold levels, I expect a retrace coming back towards new temporary support and previous resistance at 270 sats. This could provide a new opportunity to long. Wait for the retrace back into the red zone (new support) and look for a strong reversal candle to buy back. Considering T2, which was previously hit is below the new support, I would not wait for that low to come into place. A candle below T2 may mean a further retrace. Look for inside the two previous highs of 215-260 sats! Cheers.
Possible re-entries: 215-260 sats
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