Hi Traders,
We have seen a huge sell off at $0.68 area. With a correction down to the support level, if we get a strongwomen rejection from this support level $0.56 area. This could be the whales in the market creating some liquidity in the market to buy at a cheaper level by liquidating long positions take price higher. If sellers take control of this market and manage to break the support level of $0.56 then we may see a bigger correction to the downside.
Thanks
The Market Sniper Team