superpixxxx

BURGER to revisit ATH of $29 with current momentum?

Long
BINANCE:BURGERUSDT   BURGER / TetherUS
After hitting bottom at 0.25, $BURGER has been on a strong rebound. With extremely low supply of 21mil tokens, it has been relatively easy to get a significant share of the market with small capital, and also easier to have the price pump more with less inflow compared to other coins. BTC and the regular large caps have been on the downtrend or suffering from low volume recently, making upwards movement difficult. Will more capital flow in and FOMO + shorts covering / liquidations result in a bigger upwards movement from here?

Floor had moved from 0.5 to 1 to 2 to 3 in the past week. Next target 6.7, then 10, after which we might wick to ATH before crashing when market sells / shorts come in again.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.