grindhousecapital

TOMO In Consolidation Phase

BINANCE:TOMOBTC   None
After a nice rally up to the 11000 sats range, TOMO has reached a bottom, or so it seems, and is trading within the 6000 range. Due to the appearance of a bearish candle a few days ago, it appears we will likely go do back down to retest support at the rising trend line at some point. It has been holding its price well and moving up gradually; however, it did get denied at the 20 day EMA very recently, and a small correction down does seem to be occurring right now. There have been bullish signals in the form of overall price action, but for now we need to watch for a breakout before buying.
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