I have just found this token in binance, I liked that increase volume and that green candlestick, investigating a bit I discovered that this wallet app was bought by coinbase in november of 2021, thats why that big candlestick. What is most interesting is the indecision candlestick after that one and the red one following this one.
Moreover the decrease of the volume and the coming support zone make this coin a pretty good coice for bagging and hodling. There are about 88 millions of this tokens (not that much), the market cap is quite low, and in the coming months this token may be listed in coinbase (they already bought the app!).
This is a bullish set up in the mid-long term, but in the short term I expect a bear scenario, the price will follow the buy zone, then will go to the target box.
Moreover the decrease of the volume and the coming support zone make this coin a pretty good coice for bagging and hodling. There are about 88 millions of this tokens (not that much), the market cap is quite low, and in the coming months this token may be listed in coinbase (they already bought the app!).
This is a bullish set up in the mid-long term, but in the short term I expect a bear scenario, the price will follow the buy zone, then will go to the target box.
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By the way, I am not shorting this coin, I am just waiting the buy zone to fill some bags.
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I forgot to update this idea, the last days have been quite bullish for this coin, so I bought some coins at 680-700 level, there is possible that we have a major drop, but for now this is less likely.