evasivesteering

BAND retracement ?

Short
BINANCE:BANDUSDT   BAND / TetherUS

Hi all,

Like some other cryptos (AR, LRC or MASK), BAND had pumped very hard. Now, it is retracing with possibility to come back to where the pump started.

Indeed, the previous support was lost. Retest of this level is likely before that prices continue to fall.

In my opinion, we can short from here upto $2.56 or wait for rejection to enter (safer).

All the best (and be careful with FTX and CPI news this week) !
Comment:
BAND's move is as expected. The first target TP1 $2 is on the table, IMO.

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