At the moment, we’ve been in an accumulation phase since yesterday. Within the current range, we’ve observed strong absorption of market selling based on cumulative delta (delta is falling while price remains stable). Additionally, earlier activity from a large player was noted near the lower boundary.
The safest long entry appears to be a false breakout below the $0.208 level.
This publication is not financial advice.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.