Notice how the price has attempted to break the resistance at $3.67 seven times! This resistance has been weakened to such an extent that it must be broken.
Don't be a fool, if you are shorting MCO below $3.67 then be prepared to get stopped out of this market. You will FOMO back in only to find yourself paying a higher price for this undervalued token.
So, go ahead, keep shorting this token after it has declined by more than 94% from its all-time high. That's incredibly dumb. Stupid is as stupid does.
This asset has depreciated in value for 20 consecutive months on the heiken-ashi chart. Twenty months of red candles. This is the first month where we have a green heiken-ashi candle on the monthly chart. This is a strong signal for a bullish reversal.
These perma-bears are expecting the price to fall to 63 cents. I thought this way for a time until the market demonstrated that I was wrong.
Adapt or get swallowed up whole when bulls eat that *** for a snack.