#ML Mintlayer fails to break the $0.2298 zone and faces a violent rejection. It pulls back just as harshly below the initial accumulation zone (golden pocket) to the next Fibonacci level around $0.0484 and is currently consolidating to form a support level in accumulation.
A relatively unexpected move for a project of this caliber.
The key zone/FLIP must act as support before considering higher targets. This refers precisely to the length of the upper wick from the December candle, marked on the chart with a red arrow.
Good luck accumulating, consolidating, or trading!
A relatively unexpected move for a project of this caliber.
The key zone/FLIP must act as support before considering higher targets. This refers precisely to the length of the upper wick from the December candle, marked on the chart with a red arrow.
Good luck accumulating, consolidating, or trading!
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