SOS is in a precarious situation. It needs to hold the $2.90-3.00 support line. If BTC dumps to 31K it might struggle to hold the $2.90 support area.
This may eventually pass, as eventually Crypto will recover in the long term.
Please Note: The analysis is based on my own views and it should not be treated as financial advice.
Please feel free to share your own opinions/comments.
Best,
Adit Doza Part-time Faculty Mike Ilitch School of Business & Final Year PhD Candidate (Expected July,2021), Department of Economics Wayne State University
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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.