Price moved up aggressively and reached the daily supply around $0.708. MACD is bullish, RSI is overbought and EMAs are neutral. We shall wait for confirmation but overall price should move down from here aiming to fill the imbalance around $0.5. We have a very strong bullish momentum at the moment so shorting directly is very risky.
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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.