Operators might have already gained around 60% from the all-time low of 0.210... The big question now is whether there will be a healthy pullback before attempting to challenge the next resistance at 0.340 ~ 0.350.
For latecomers, the risk-reward isn’t as attractive anymore... Upside may be limited, while downside risk increases, especially if momentum starts fading.
Looking at the weekly candlestick, TA traders will likely assess if the structure supports continuation... Is there volume follow-through? Does the candle close strong or show signs of exhaustion? These are key clues to watch.
Disclaimer: This is not a buy/sell call. Always perform your own analysis and manage risk according to your trading strategy.
For latecomers, the risk-reward isn’t as attractive anymore... Upside may be limited, while downside risk increases, especially if momentum starts fading.
Looking at the weekly candlestick, TA traders will likely assess if the structure supports continuation... Is there volume follow-through? Does the candle close strong or show signs of exhaustion? These are key clues to watch.
Disclaimer: This is not a buy/sell call. Always perform your own analysis and manage risk according to your trading strategy.
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.