MONACOIN is a flash pump coin.
as you can see it is retesting the breakout level. as well the major trendline.
It will hold.
You can also see that price is actually slowly going down, while volume come back and RSI grow up.
For me it is enough to think that it will pump soon.
You can unload in the yellow area.
As we don't know which direction BTC will take, you should not gamble too much on this trade.
BIO
as you can see it is retesting the breakout level. as well the major trendline.
It will hold.
You can also see that price is actually slowly going down, while volume come back and RSI grow up.
For me it is enough to think that it will pump soon.
You can unload in the yellow area.
As we don't know which direction BTC will take, you should not gamble too much on this trade.
BIO
Note
We are in hot Zone. As bitcoin seems that it can give more. I will try to set a stop buy just above the dashed orange lineNote
Oversold dump. Ready to catch the rebound
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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.
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.