Long
TOMO/BTC TA Update (Deeper Pullback?)
TOMO/BTC
TOMO broke support at 7000 sats area and now facing a deeper pullback with a potential bearish cross of daily EMAs. This pullback could travel down to 5300 - 4600 regions
before attempting to break the trend-line and continue its longer uptrend phase. It is too early to buy a Long position as the downtrend momentum is still increasing. Wait for the perfect entry.
TOMO broke support at 7000 sats area and now facing a deeper pullback with a potential bearish cross of daily EMAs. This pullback could travel down to 5300 - 4600 regions
before attempting to break the trend-line and continue its longer uptrend phase. It is too early to buy a Long position as the downtrend momentum is still increasing. Wait for the perfect entry.
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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.