This coin has been among the top gainers over the last three days.
Currently, it is in a correction phase and is approaching the local buy zone at $0.0414–$0.039. Given the weak price action, it is likely that we’ll see a reaction from this zone.
Above the current price, there is also a very important zone at $0.047–$0.0515, with significant volume-based profit-taking already positioned for short bias. Upon a test of this zone and a confirmed reaction, a short position could be considered.
This publication is not financial advice.
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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.