$LOOM Experiencing a Steady Gains. My Idea on It's Chart:
It feels good that Loom already touch my first target, you can check it here:
Right now we have a strong support t 1758 level, it will be good if you guys can scoop at that level. By the way, we need to be careful because loom probably will entering an overbought zone soon. We need to chill down a bit to lowering RSI. chill down can happen in two ways:
1. Price on a stable range but need more days
2. Price down and we need less days.
With this fundamental that loom have that I already explain on my charts before, i think the possibility of number one is bigger than two so i think we will soon moon again.
My closest target is 2210 again as it already touched two times and now will about to re-test again. Let's see if we break then i will re-assess and having to look at my second target @ 2785.
Right now we have a strong support t 1758 level, it will be good if you guys can scoop at that level. By the way, we need to be careful because loom probably will entering an overbought zone soon. We need to chill down a bit to lowering RSI. chill down can happen in two ways:
1. Price on a stable range but need more days
2. Price down and we need less days.
With this fundamental that loom have that I already explain on my charts before, i think the possibility of number one is bigger than two so i think we will soon moon again.
My closest target is 2210 again as it already touched two times and now will about to re-test again. Let's see if we break then i will re-assess and having to look at my second target @ 2785.
Let's start the second rally. I'm waiting after my entry on white line!