TOMO correction?

2023년 6월 13일

TOMO is among the cryptos that has performed very well this year, with 600% up. The trendline (in 1D TF) since March 2023 still holds.

However, TOMO has shown some signs of weakness when its price has been rejected by the local high around $1.7

I see that a distribution (following Wyckoff method) is possible on going.

As a reason, a proposed set-up is as in chart.

This crypto is highly volatile and the whole market is as well. Take care and don't forget risk management.

2023년 6월 13일

노트

Here is a bigger view on 1D TF

2023년 6월 15일

노트

I closed this trade. TOMO didn't get weak as expected.
BTC is a important support and bouncing.

2023년 6월 17일

액티브 트레이드

Trade reactivated at the same entry.
BTC retested the EMA50D (26800) and still consolidates below this strong support.

2023년 6월 18일

노트

TOMO has been down 14% since entry. The trendline (1D) was broken. Here below are references (based on Fibonacci) for taking profit.

2023년 6월 20일

노트

+24% from entry
TP1 done.

2023년 6월 20일

매매 수동청산

BTC broke out its falling wedge (channel)