Hi Traders,
We have seen a huge sell off at $0.68 area. With a correction down to the support level, if we get a strongwomen rejection from this support level $0.56 area. This could be the whales in the market creating some liquidity in the market to buy at a cheaper level by liquidating long positions take price higher. If sellers take control of this market and manage to break the support level of $0.56 then we may see a bigger correction to the downside.
Thanks
The Market Sniper Team
We have seen a huge sell off at $0.68 area. With a correction down to the support level, if we get a strongwomen rejection from this support level $0.56 area. This could be the whales in the market creating some liquidity in the market to buy at a cheaper level by liquidating long positions take price higher. If sellers take control of this market and manage to break the support level of $0.56 then we may see a bigger correction to the downside.
Thanks
The Market Sniper Team
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Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.