$FF just posted a 7.5% day after eating a 5.29% weekly loss, and the 30 day chart still reads +82.79%.
a coin that ripped almost 83% in a month doesn't usually cool off on this little volume, 5 day turnover is only 0.68x the prior 20 days, and RSI is sitting at a calm 59. this looks more like a breather than exhaustion.
the floor under it is the 20-day mean at $0.130595, spot is only 4.4% above that line. clear it to the upside and the next real resistance is the 10-day swing high at $0.18484, 35.4% away, that's the room this setup is scored for, 9 out of 14.
right now $FF trades at $0.1358. if it holds $0.130595, I think it keeps grinding toward that $0.18484 high. if it loses $0.130595, I'm wrong on this trade and there's nothing left to defend.
holding $0.130595 or losing it?
follow me for more calls like this.
a coin that ripped almost 83% in a month doesn't usually cool off on this little volume, 5 day turnover is only 0.68x the prior 20 days, and RSI is sitting at a calm 59. this looks more like a breather than exhaustion.
the floor under it is the 20-day mean at $0.130595, spot is only 4.4% above that line. clear it to the upside and the next real resistance is the 10-day swing high at $0.18484, 35.4% away, that's the room this setup is scored for, 9 out of 14.
right now $FF trades at $0.1358. if it holds $0.130595, I think it keeps grinding toward that $0.18484 high. if it loses $0.130595, I'm wrong on this trade and there's nothing left to defend.
holding $0.130595 or losing it?
follow me for more calls like this.
