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β’ It has a resistance at $0.1330 and a support at $0.06366, currently its consolidating between the support and resistance, if it breaks the resistance we will long our position.
Target - 1.5:1-2:1
β’ Formation of a red candle (inverted hammer or bearish engulfing) will indicate bearishness thus we will short our position.
Target - 2:1 or $0.148
β’ It has a resistance at $0.1330 and a support at $0.06366, currently its consolidating between the support and resistance, if it breaks the resistance we will long our position.
Target - 1.5:1-2:1
β’ Formation of a red candle (inverted hammer or bearish engulfing) will indicate bearishness thus we will short our position.
Target - 2:1 or $0.148