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thedailychartist

SPARTABNB: This dip is probably for buying...

Long
thedailychartist Updated   
BINANCE:SPARTABNB   None
Chart Patterns spartanprotocol sparta altcoins altseason DEFI
7
4
chartpattern spartanprotocol sparta altcoins altseason defi
Market reacting to what I think is a very strong support level. But that's just me.

Not trading advice. This is a new coin and is pretty high risk.
Comment:
Broke support but seems to have caught bids at 0.005 which is the preceding higher low and a logical support level. IMO this is still constructive. Let's see how this develops and how the week closes (very important).
Comment:
Comment:
Trying to pop back above support levels? This is a strong bullish signal if confirmed by a daily close.

False breakouts usually mean that there will be trapped bears in there so one may watch out for a strong rally to occur as those bears give up and start buying back their shorts.
snapshot
Comment:
Buying pressure definitely building here. See how the lows are slowly leveling off?

snapshot
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