ONE/USDT Consolidation into the apex. Are we ready?

5 มิ.ย. 2021

One Harmony is in a retracement phase since two months already.
We now see a symmetrical triangle forming out of the yellow and violet line.
we expect the support around 0.07$ to hold and retest the 0.16$ barrier.
If we just follow the lower violet line we could consolidate into the violet triangle which probably takes even more time.

Basic rules:
- Never buy the top/ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place

Enjoy the ride and don't be too greedy.
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Cheers

ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.