As explained on the chart. Poot Poot 💨
Still early days, but the next 2 weeks is crucial to see if we have a confirmed downtrend or a short term side ways trend.
For those who are optimistic, the sideways trend is a good time to buy/sell for 50% gains and also to accumulate.
However, there is a good reason to be scared. If this cracks the 25k mark, the next major level of support is 12K.
Still early days, but the next 2 weeks is crucial to see if we have a confirmed downtrend or a short term side ways trend.
For those who are optimistic, the sideways trend is a good time to buy/sell for 50% gains and also to accumulate.
However, there is a good reason to be scared. If this cracks the 25k mark, the next major level of support is 12K.
Comment:
Looks like the sideways trend is playing out. Might see a short-term pullback here (around 33k) for those looking to buy.