$BASED
The chart shows a prolonged consolidation of the price above the dynamic support of the moving averages, indicating the strength of buyers after the previous impulse.
The asset holds the DEMAND zone around 0.12748, which serves as a reliable level for entering a long position with a short stop. The main scenario is to exit the current sideways trend to test the SUPPLY levels in the range of 0.137 - 0.180, where the main resistance of sellers is concentrated.
#BASED #TradingCommunity #TechnicalAnalysis
The chart shows a prolonged consolidation of the price above the dynamic support of the moving averages, indicating the strength of buyers after the previous impulse.
The asset holds the DEMAND zone around 0.12748, which serves as a reliable level for entering a long position with a short stop. The main scenario is to exit the current sideways trend to test the SUPPLY levels in the range of 0.137 - 0.180, where the main resistance of sellers is concentrated.
#BASED #TradingCommunity #TechnicalAnalysis