This asset continues its downward movement. A strong volume cluster has now formed, allowing for position building and participation in further movement.
We consider the $0.0287–$0.0302 zone as a short opportunity upon its retest, provided there is a seller reaction.
If no reaction occurs and price consolidates above this zone, we will view it as a mirror support level.
We consider the $0.0287–$0.0302 zone as a short opportunity upon its retest, provided there is a seller reaction.
If no reaction occurs and price consolidates above this zone, we will view it as a mirror support level.
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Related publications
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.