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HOLO has started to take a break after the recent pump.
The current price is steady at 0.092, firmly above the MA25 and MA99 (around 0.0905 to 0.0908), but there is still some distance to MA7 (near 0.0967). This kind of pullback is actually quite normal, and the bullish trend has not changed.
Looking up, if it can break through the range of 0.098 to 0.100 with increased volume, then 0.105 or even 0.110 is possible later. On the downside, 0.090-0.091 is the first line of defense, and if it truly breaks below that, we will see if the line at 0.087 can hold.
The trading volume has become much more active compared to some time ago, but it has started to shrink again recently. Although the MACD is still above the zero line, the momentum is clearly weakening. In the short term, the bulls are still in control, but if they want to push higher, it will depend on whether the trading volume can keep up. Without sufficient volume, this position may need to consolidate further.
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Marking 0.098, if it can't break through, it's just a feint.
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Damn, another grind, really exhausting.
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I just want to ask if we can really push to 0.110 this time, don't trick me into a Cut Loss again.
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MA7 is still lacking so much, what's the rush, brothers?
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With such disappointing Trading Volume, you dare to say long positions are stable, I think it’s unlikely.
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The defense line is all set, just waiting to see when the funds will enter.