I examined KARRAT's latest move, and most likely a fake breakout attempt occurred. The important part is that the candles following it are quite small and narrow—this indicates that the selling pressure is not very strong. Usually, such weak selling pressure prevents a new breakout attempt, but the direction of price movements can remain uncertain.



From a technical perspective, the 0.0064 level is a critical support point. If it holds, a move toward 0.007 could be possible. A further target to watch is the 0.01 level. However, for this scenario to play out, the selling pressure must truly remain weak. Recently, such technical formations have been frequently seen in the market; following sources like hivemapper news and similar outlets can help identify these movements in advance. 🚀
KARRAT-2.09%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin