BINANCE:TOMOUSDT
TOMO/USDT: Massive price decline to support level 0.9347 after testing 1.66, followed by a resumption of upside momentum.
A bullish breakout above resistance level 1.377, creating a new higher high or confirming the higher low pattern, would be required to validate this price action. At this point, a long entry could be considered.
The 4-hour timeframe shows that the price is creating higher highs and higher lows, which is a bullish technical indicator.
However, it is important to note that the cryptocurrency market is volatile and that prices can move quickly in either direction. It is always advisable to do your own research and to trade within your risk tolerance.
Disclaimer: This is not financial advice. Please do your own research before making any investment decisions.
TOMO/USDT: Massive price decline to support level 0.9347 after testing 1.66, followed by a resumption of upside momentum.
A bullish breakout above resistance level 1.377, creating a new higher high or confirming the higher low pattern, would be required to validate this price action. At this point, a long entry could be considered.
The 4-hour timeframe shows that the price is creating higher highs and higher lows, which is a bullish technical indicator.
However, it is important to note that the cryptocurrency market is volatile and that prices can move quickly in either direction. It is always advisable to do your own research and to trade within your risk tolerance.
Disclaimer: This is not financial advice. Please do your own research before making any investment decisions.