BINANCE:TOMOUSDT situation is as follows:
A descending channel has formed, and we can confirm it with multiple price bounces off the channel. Ignore the shadows that extend beyond the channel; they are only stop hunts and liquidity grabs. There is a possibility that the price may decline to $1.25 and then bounce back up from there or complete the downtrend until it reaches the bottom of the channel.
"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
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A descending channel has formed, and we can confirm it with multiple price bounces off the channel. Ignore the shadows that extend beyond the channel; they are only stop hunts and liquidity grabs. There is a possibility that the price may decline to $1.25 and then bounce back up from there or complete the downtrend until it reaches the bottom of the channel.
"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
Don't forget to like and comment