Fibonacci level test on my previous trend analysis of LOOM
I took the fib levels tool and tested the recent support of 0.00002885 on the daily chart of LOOM – and believe it or not, it turned out to be a '618' key level of the recent retracement. It held this support level pretty well, which is another strong indicator for a short term reversal. In other words, it is very likely that we will see a strong bounce back over the next days. Keep an eye on this one!
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