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$ZEN Reminder a week in advance, every 2 days that you cannot buy, and provide reasons for not buying. This ancient currency, if you don't look at the higher-level trends, can deceive you.
1. The daily/weekly closing has not stood above the 31.65 area; this was the previous support level, and after breaking below, it becomes a resistance level. If you enter without breaking the resistance level, you have to bear the risk of a 40% drop.
2. The daily RSI has not reached the oversold area.
3. Bitcoin is in a downward channel and may follow this trend at any time.
Conclusion: Now that the weekly closing has happened, and it hasn't gone up, I believe my fans did not chase the high. It's empty below; where else can you buy if not at 18?
1. The daily/weekly closing has not stood above the 31.65 area; this was the previous support level, and after breaking below, it becomes a resistance level. If you enter without breaking the resistance level, you have to bear the risk of a 40% drop.
2. The daily RSI has not reached the oversold area.
3. Bitcoin is in a downward channel and may follow this trend at any time.
Conclusion: Now that the weekly closing has happened, and it hasn't gone up, I believe my fans did not chase the high. It's empty below; where else can you buy if not at 18?
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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