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Do you think this pump on $HOLO is actually going to hold this time?
We just saw a massive wick up to 0.075 today but the price is already pulling back toward 0.063. This is classic behavior for this asset. It has a habit of making these explosive moves and then leaving a lot of people holding the bag when the volume drops off.
The current support looks to be sitting around 0.058. If we can close the daily candle above 0.065 then we might have a shot at another leg up. But if this wick is just a liquidity grab then we are probably heading right back down to the 0.054 range.
The buy side in the order book looks decent at over 71 percent but don't let that fool you into thinking it's a guaranteed moon mission. A lot of that can disappear in a second.
I’m keeping my eyes on the 0.060 level. As long as we stay above that I’m interested. Anything below and I’m out. Stay sharp and don't get caught in the FOMO.
#GateSquareAprilPostingChallenge