Looking for the bounce herešš
Saw that massive pump on the news (Axe Compute deal) take us straight to 0.008, but as expected,
the hype cooled off and weāve retraced hard. We are currently sitting around 0.006203, down about 17% over the last 7 days.
For the scalpers and swing traders, this pullback looks like a decent entry zone.
:
Ā· Entry: Current zone (0.00615 - 0.00625). It's holding support here after the flush.
Ā· Target 1: 0.00680 (Local resistance/rejection point).
Ā· Target 2: 0.00750 (If momentum comes back).
Ā· Stop Loss: Tight stop below 0.00570. If we lose that level, the structure breaks and we're probably heading back to the 0.005 range.
Letās see if we get that relief bounce. š
Not financial advice, manage your risk.
$ATH
Saw that massive pump on the news (Axe Compute deal) take us straight to 0.008, but as expected,
the hype cooled off and weāve retraced hard. We are currently sitting around 0.006203, down about 17% over the last 7 days.
For the scalpers and swing traders, this pullback looks like a decent entry zone.
:
Ā· Entry: Current zone (0.00615 - 0.00625). It's holding support here after the flush.
Ā· Target 1: 0.00680 (Local resistance/rejection point).
Ā· Target 2: 0.00750 (If momentum comes back).
Ā· Stop Loss: Tight stop below 0.00570. If we lose that level, the structure breaks and we're probably heading back to the 0.005 range.
Letās see if we get that relief bounce. š
Not financial advice, manage your risk.
$ATH