Pros
Cons
I would wait to see if we can hold the lower support level. If it can, then a few more tweets and media coverage could pump this up to the magic level.
Set stop losses...
- Heavy media coverage
- Eleon Musk
- FOMO
Cons
- Selling Volume increasing
- FOMO
- Lots of new Crypto users who are more prone to panic sell and not HOLD
- RSI weakening
- Huge sell wall before $1. I.E everyone thinks it could get to $1 so I'll set a limit at 95c, 90c, 80c etc.
- Holders who have made big profits will cycle into other alts
I would wait to see if we can hold the lower support level. If it can, then a few more tweets and media coverage could pump this up to the magic level.
Set stop losses...