i see a clear adam and eve bottom on the firobtc pair but this may have failed now with the recent bitcoin capitulation. will firo charge towards the lows again vs btc and tag that liquidity zone or do we recover the resistance here and get off to the races? it is hard to tell but I am curious where this goes. my bias is currently bearish on the btc pair. it looks like a rejection and we should go for the lows vs btc. posting this to come back in my journal and see where we ended up. my gut says to sell here and cover at the range lows and double down on a bullish reclaim of range lows. short to mid term bearish and macro 1-3 years bullish.
Commentaire:
looks like we will retest the lows. the question remains if they hold. honestly at this point I doubt it. this coin has proven to not gather any momentum. more of a pump and dump coin with liquidity grabs.