LOOMUSDTLOOMUSDT is in bearish trend.
Printitn LH and LL .
Double Top reversal pattern is also form.
We wait and watch for the breakout of last LL.
LOOMUSDT.P trade ideas
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Important volume profile section: 0.04709-0.0483Hello?
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(LOOMUSDT chart)
A chart may be created with weak support and resistance points.
(1D chart)
However, the 1D chart has risen above the HA-Low indicator and the MS-Signal indicator, and the MS-Signal indicator is showing an upward trend.
Accordingly, the key is whether it can receive support around 0.04534, the HA-Low indicator point on the 1W chart, and rise above 0.04798.
The volume profile section of the 1M chart appears to be forming around 0.04709.
The volume profile section of the 1W chart is formed around 0.0483.
Therefore, in order to show a full-fledged upward trend, it is expected that the price will start to rise above 0.04709-0.0483.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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Fakebreak in wedgeWhen this chart forms a triangle pattern, it can be decided that on the one hand we have a fake breakout, which is why we can buy on the support areas of $0.03848 and $0.04015 and sell on the resistance areas of $0.04302 and $0.04524.
Loom is very bullish if...It has amazing and bullish indicators so definitely will go long on it
It is stays above c, then it will reach d insha Allah
All the best
