Giá xuống

TOMO correction?

Cập nhật

TOMO is among the cryptos that has performed very well this year, with 600% up. The trendline (in 1D TF) since March 2023 still holds.

However, TOMO has shown some signs of weakness when its price has been rejected by the local high around $1.7

I see that a distribution (following Wyckoff method) is possible on going.

As a reason, a proposed set-up is as in chart.

This crypto is highly volatile and the whole market is as well. Take care and don't forget risk management.

Ghi chú

Here is a bigger view on 1D TF

Ghi chú

I closed this trade. TOMO didn't get weak as expected.
BTC is a important support and bouncing.

Giao dịch đang hoạt động

Trade reactivated at the same entry.
BTC retested the EMA50D (26800) and still consolidates below this strong support.

Ghi chú

TOMO has been down 14% since entry. The trendline (1D) was broken. Here below are references (based on Fibonacci) for taking profit.

Ghi chú

+24% from entry
TP1 done.

Giao dịch được đóng thủ công

BTC broke out its falling wedge (channel)

evasivesteering

Ngoài ra, trên:

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