TOMO/BTC (Retest Swing Low? Potential Double Bottom?)
BINANCE: TOMOBTC
-TomoChain is pulling back since the recent rejection at trendline resistance
-If this retracement will continue, highly probable to retest the swing Low at 5246 sat
-It will be another -13% drop from the current price
-That zone will is a decision time to break the resistance line or fall lower
-My opinion, the 5200 sat range will not break easily
-Because it is a strong confluence of previous resistance turned support
-The demand in this range is high but if BTC will fail, this will likely break also
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Trading Involves High Risk
Not Financial Advice
Please Exercise Risk Management
``````````````````````````````````````````````
If You Like My Daily Published Ideas
A little Help By Supporting My Channel
Through Leaving A Thumbs Up, Comment & Follow
Happy Trading! --> Thank You! :)
``````````````````````````````````````````````
-TomoChain is pulling back since the recent rejection at trendline resistance
-If this retracement will continue, highly probable to retest the swing Low at 5246 sat
-It will be another -13% drop from the current price
-That zone will is a decision time to break the resistance line or fall lower
-My opinion, the 5200 sat range will not break easily
-Because it is a strong confluence of previous resistance turned support
-The demand in this range is high but if BTC will fail, this will likely break also
``````````````````````````````````````````````
Trading Involves High Risk
Not Financial Advice
Please Exercise Risk Management
``````````````````````````````````````````````
If You Like My Daily Published Ideas
A little Help By Supporting My Channel
Through Leaving A Thumbs Up, Comment & Follow
Happy Trading! --> Thank You! :)
``````````````````````````````````````````````
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.