If you are hugely trading this,have it at the back of your mind that Elon is prolly still on impulse corrective wave especially if it is still printing a LH.
It has done A and B and currently on C which seems to be the longest but with meme coins, i dont know how long this guy could be but i think it will prolly retest down and bounce at any of those 2 price areas.
If the bullish trend is strong(which i thik it is) bounce at the .156 but if weak,we could see it going down to .1375
Also this test is in tune with the weekly retest after rallying up for 4 straight weeks.
NFA- Please DYOR and trade wisely!
It has done A and B and currently on C which seems to be the longest but with meme coins, i dont know how long this guy could be but i think it will prolly retest down and bounce at any of those 2 price areas.
If the bullish trend is strong(which i thik it is) bounce at the .156 but if weak,we could see it going down to .1375
Also this test is in tune with the weekly retest after rallying up for 4 straight weeks.
NFA- Please DYOR and trade wisely!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.