Long
Orchid, Lets see if history repeats itself???!!! Volatile!!!
As you can see on the 4hr chart, the price has reached the bottom line of the channel. The price has retraced 0.618 from the previous rally. Lets see if history will repeat itself. If you want to enter for a position, be extremely cautious, this is a meme coin, the fluctuation can be crazy, super volatile. Volatility is bi-directional. If it goes down, it can turn ugly as well. Be cautious. Not a financial advice. Let me know what is your thought.
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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.