$Q We have a strong dip at Q bounced from $0.02632 with a large volume, and we are in profit at $0.02810, my long from $0.02763.
Binance Live: $Q $0.02810 (-0.60%) H: $0.03000 L $0.02632 Vol 732.77M Q: $20.49M 7D: -60.53% 30D: +30.84%
On the 1H chart, we can see a strong volume at $0.030000 double top then flush to $0.026320 (61M Q) with the MA5 (52.5M) and MA10 (40.3M) crossing above. This means there is absorption by buyers. We have a strong high at 15m $0.029700 low $0.026320 and 5m $0.02869 low $0.02632. Current price is $0.02810 trying to reclaim $0.02869.
The price is still down -4.75%, however, we can see a 7 Day washout of -60% and looks to have burnt its fingers. The bigger picture still looks good at +149.40% over 180 Days. We are now funding neutral as shorts were paid earlier.
For me there is new support at $0.02770 to $0.02800 which will need to hold. There is also support at $0.02632 is final floor. Lose $0.02730 (closed), and first resistance at $0.02810, my long from $0__0.02869 followed by resistance at $0.02810, my long from $1__0.03000 (24h high) and double top on the 1H.
What I am doing is moving my SL to breakeven at $0.02810, my long from $2__0.02869. I am holding a runner to $0.02810, my long from $3__0.03000. New longs will be placed on the retest at $0.02810, my long from $4__0.02805 with a stop below $0.02810, my long from $5__0.03000.
Would you see a test of $0.02810, my long from $6__0.03000 tonight? Or rejection at $0.02869?
Click to trade this volume bounce $Q
#q #QUSDT #QuackAl #Binance
@BlockchainBaller @Binance News @cryptoJobs3 @Binance BiBi @Binance Square Official
Binance Live: $Q $0.02810 (-0.60%) H: $0.03000 L $0.02632 Vol 732.77M Q: $20.49M 7D: -60.53% 30D: +30.84%
On the 1H chart, we can see a strong volume at $0.030000 double top then flush to $0.026320 (61M Q) with the MA5 (52.5M) and MA10 (40.3M) crossing above. This means there is absorption by buyers. We have a strong high at 15m $0.029700 low $0.026320 and 5m $0.02869 low $0.02632. Current price is $0.02810 trying to reclaim $0.02869.
The price is still down -4.75%, however, we can see a 7 Day washout of -60% and looks to have burnt its fingers. The bigger picture still looks good at +149.40% over 180 Days. We are now funding neutral as shorts were paid earlier.
For me there is new support at $0.02770 to $0.02800 which will need to hold. There is also support at $0.02632 is final floor. Lose $0.02730 (closed), and first resistance at $0.02810, my long from $0__0.02869 followed by resistance at $0.02810, my long from $1__0.03000 (24h high) and double top on the 1H.
What I am doing is moving my SL to breakeven at $0.02810, my long from $2__0.02869. I am holding a runner to $0.02810, my long from $3__0.03000. New longs will be placed on the retest at $0.02810, my long from $4__0.02805 with a stop below $0.02810, my long from $5__0.03000.
Would you see a test of $0.02810, my long from $6__0.03000 tonight? Or rejection at $0.02869?
Click to trade this volume bounce $Q
#q #QUSDT #QuackAl #Binance
@BlockchainBaller @Binance News @cryptoJobs3 @Binance BiBi @Binance Square Official
