At a yearly support level, we saw some reaction at this level on the weekly, price is back down to retest the yearly again. For a long position you would want to see this level hold, easy stop loss considering the potential up size. Would not take a large position here but worth a look. Keep your eye out if it starts to gain levels.
تعليق:
4 Hour squeezing
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Still looking good, strong confirmation if the long squeeze fires, need to hold the last level gained for continuation. As we are still in a longterm downtrend it would not be ill advised to move your stops up now as we bounced off a previous resistance. Zcoin needs to keep gaining.
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Stop hit, made a new local low. Next trade would be a retest of the original low a few months ago.
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Reached the original low, need to see momentum shift if your still looking to get long