A month ago, I suggested Buy on dips, Sell on peaks.
https://peakd.com/hive-167922/@fjworld/buy-on-dips-sell-on-peaks
24 days ago, I was talking about taking a profit and I said...
Now, it we were to have a pullback I would be okay in picking up some.
https://peakd.com/hive-167922/@fjworld/some-profits-were-taken
So profits were taken and buybacks did occur. Now that we dropped below the 40 day moving average we need to be cautious of the 20 day moving average continuing its decline.
To some, a Technical Analysis based on Moving Average (MA) may appear to be insufficient to fully evaluate a layer 2 token. Well, I agree, however, this simple indicator can make or break your investment decision. For example, if your going to be looking at trading patterns to make an investment decision then the token of interest must provide a reliable trending dataset. Leo does this well for many reasons when compared to many other layer 2 tokens.
So where are we going? To new heights or continued pullback. Adjust your market orders accordingly.
Posted Using InLeo Alpha
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