TOMOUSDT WHAT IS NEXT ?
Zaktualizowano
Hello Traders,
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
- Looking at the trading pair TOMOUSDT, was facing a bearish impulse since April 2022 where sellers took the price down aggressively yet on April 11 2022 buyers managed to hold on critical support level 1.00$ - 1.081$
the price was accumulating for several days then bounced back to push the price higher toward level of resistance 1.346$ - 1.400$ where sellers used their strength to push the price lower again.
- Currently the price is bouncing on level of support 1.200$ - 1.250$ where a possible upward move could take a place yet i suggest 2 scenarios as follow :
- Bullish scenario : Since price action is trading inside an ascending channel i would like to see buyers taking price higher again towards resistance level 1.346$ - 1.400$ creating a new higher lower and aim to push even
higher towards level of resistance 1.500$ and progressively.
- Bearish scenario : If buyers failed to maintain level of support 1.200$ - 1.250$, then sellers will take advantage and push price lower breaking the ascending channel lower support taking the price towards old level
support 1.00$ - 1.081$
Good Luck Traders :)
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
- Looking at the trading pair TOMOUSDT, was facing a bearish impulse since April 2022 where sellers took the price down aggressively yet on April 11 2022 buyers managed to hold on critical support level 1.00$ - 1.081$
the price was accumulating for several days then bounced back to push the price higher toward level of resistance 1.346$ - 1.400$ where sellers used their strength to push the price lower again.
- Currently the price is bouncing on level of support 1.200$ - 1.250$ where a possible upward move could take a place yet i suggest 2 scenarios as follow :
- Bullish scenario : Since price action is trading inside an ascending channel i would like to see buyers taking price higher again towards resistance level 1.346$ - 1.400$ creating a new higher lower and aim to push even
higher towards level of resistance 1.500$ and progressively.
- Bearish scenario : If buyers failed to maintain level of support 1.200$ - 1.250$, then sellers will take advantage and push price lower breaking the ascending channel lower support taking the price towards old level
support 1.00$ - 1.081$
Good Luck Traders :)
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