You will see and chart broke trend but we didn't have enough buyers come in and now we are seeing sell offs again.
I have entered a new entry zone for anyone wanting to grab a bag, I had posted a chart on this around 2 weeks ago I have put this into the related articles. At the moment though the long wait is not over.
You will see circled in red where buyers have decided this will be our bottom, we want to buy when we retest this level. This may take several days before we get down there.
I want to point out the current resistance we are facing and don't have enough buys to push past, above that resistance on the pink line is the .786FIb this here is a very difficult point for us to push past. So far the chart is clear on a downward move If this was to change I will update you but I certainly won't be buying this coin now.
We want to stay into accumulation for quite a long time, we can enter anytime it dips in the buy zone but the long this coin stay down the stronger it will be for take off.
Rather then buy now like many are set an alarm at the top of the buy zone and buy later on.
I have had over 20 questions on this coin so we know its popularity but its take some serious buys to move this coin, I understand its a cheap good buy now but if you wait time is free and this trade might let you in 10-20% lower then now.
Cash is King!
The reason you would enter now is you can run such a tight stop loss. Support also looks like it hold.
Fib lines can be used as targets if holding long