SO POA fell through most support but held strongly at 6000 satoshis, it seems as if whales are accumulating at these low prices. It's unlikely we dip any lower unless btc decides to fall further. Drew up possible path based off a couple fractal ideas and resistance/support levels. I'm still long I sold off all my POA when my stops hit and upped my position. Retraced over 40% from its recent high and has maintained a higher low than after it retraced from hitting 9498 on the 8th of April so seems like very cheap to pick up right now. Currently sitting at 6340 satoshis, it's likely that if btc goes sideways/higher that POA will reach higher levels; first target being ~6860 satoshis, coinciding with the 50day MA. Not financial advice, trade at your own risk. I'm currently long and HODLing with SL at 6000 sats.
Comment:
Trade closed: Stop reached. However, I did rebuy back in at 5800 sats which coincided with previous support levels
Trade closed: stop reached
Comment:
gg