$CNPY
🚨 Whilst some might see the collapse of CNPY as a clear signal to make a safe exit and bail out of the market, a calm technical reading suggests the absolute opposite
Based on current data, it’s leaning towards a calculated upward rebound
Setting up the trade relies on entering the market gradually as the price tests a strong support zone represented by the lower Bollinger Band line near $0.25133
$CNPY
The RSI stabilising around the 47.9 mark clearly shows that the wave of random selling has finished and the price has hit levels that are attractive to investors
This technical balance, alongside converging moving averages, paves the way for a natural rebound targeting a retest of the $0.29040 resistance level
$CNPY
#Market_Update #CNPY
🚨 Whilst some might see the collapse of CNPY as a clear signal to make a safe exit and bail out of the market, a calm technical reading suggests the absolute opposite
Based on current data, it’s leaning towards a calculated upward rebound
Setting up the trade relies on entering the market gradually as the price tests a strong support zone represented by the lower Bollinger Band line near $0.25133
$CNPY
The RSI stabilising around the 47.9 mark clearly shows that the wave of random selling has finished and the price has hit levels that are attractive to investors
This technical balance, alongside converging moving averages, paves the way for a natural rebound targeting a retest of the $0.29040 resistance level
$CNPY
#Market_Update #CNPY