ONE/USDT Update: Second entry was triggered. What's next?
The whole market just experiences a dip.
These kind of dips are nothing special and happen frequently.
It triggered our second entry point.
Currently .1$ seems to be the new floor but this is not entirely confirmed yet.
We first have to look how the market reacts next week.
Another bearish entry is shown around .06$.
The volume decreases for several days now which is a bearish sign.
We can draw a parallel channel that shows us the short term trading range.
Let's see if the old resistance around .1$ can hold.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
These kind of dips are nothing special and happen frequently.
It triggered our second entry point.
Currently .1$ seems to be the new floor but this is not entirely confirmed yet.
We first have to look how the market reacts next week.
Another bearish entry is shown around .06$.
The volume decreases for several days now which is a bearish sign.
We can draw a parallel channel that shows us the short term trading range.
Let's see if the old resistance around .1$ can hold.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
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