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TOMO/USDT : Possibility for pullback from current level
$BINANCE:TOMOUSDT
Hello everyone 😃
TOMO is moving into an ascending channel.
Now it's into a support zone which is located near channel's lower !
We expect a retest on channel's lower line, Then there will be a chance for TOMO to pullback.
🔴 Volatility is at sell limit zone but on higher timeframes, It's having a bearish crossover, So it's not safe to take long without confirmation..
Wait for confirmed pullback.
📌 Also there is a resistance trendline, Which is forming a rising wedge with channel's lower line !
It can become a short-term resistance and majority for rising wedge is bearish, So we will play safe take our profits at rising wedge higher line ( resistance trendline ).
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
Helical_Trades
Hello everyone 😃
TOMO is moving into an ascending channel.
Now it's into a support zone which is located near channel's lower !
We expect a retest on channel's lower line, Then there will be a chance for TOMO to pullback.
🔴 Volatility is at sell limit zone but on higher timeframes, It's having a bearish crossover, So it's not safe to take long without confirmation..
Wait for confirmed pullback.
📌 Also there is a resistance trendline, Which is forming a rising wedge with channel's lower line !
It can become a short-term resistance and majority for rising wedge is bearish, So we will play safe take our profits at rising wedge higher line ( resistance trendline ).
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
Helical_Trades
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Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.