"$PLUME Price Action Update: Navigating the Retracement!
After a massive rally, @Plume - RWA Chain is now in a short-term retracement phase. Observing the 1-hour chart, $PLUME
is currently trading below key moving averages, indicating selling pressure.
Key Levels to Watch:
Immediate Resistance: $0.1170 (where MAs converge)
Strong Resistance: $0.1250 & ultimately the peak at $0.1400+
Immediate Support: $0.1100
Strong Support: $0.1000 - $0.1050
A break above $0.1170 with volume could signal a reversal, while a sustained break below $0.1100 might lead to further downside towards $0.1000. Keep an eye on the volume for confirmation!
See the chart below for visual key levels. #Plume
After a massive rally, @Plume - RWA Chain is now in a short-term retracement phase. Observing the 1-hour chart, $PLUME
is currently trading below key moving averages, indicating selling pressure.
Key Levels to Watch:
Immediate Resistance: $0.1170 (where MAs converge)
Strong Resistance: $0.1250 & ultimately the peak at $0.1400+
Immediate Support: $0.1100
Strong Support: $0.1000 - $0.1050
A break above $0.1170 with volume could signal a reversal, while a sustained break below $0.1100 might lead to further downside towards $0.1000. Keep an eye on the volume for confirmation!
See the chart below for visual key levels. #Plume