Origin protocol: Catch a falling knife?
Bit of a knife catch
Simple TA,
- Demand tail at trendline support with lower volume. Go to the 4H chart and see what I mean. The volume is actually decreasing signalling a reduction in supply.
- Higher lows.
Concerns,
- Could fall further so invest with money you're willing to lose. High risk high reward.
- When it falls, usually price declines for 2-3 days so might be better waiting till it shows some sign of recovery
Simple TA,
- Demand tail at trendline support with lower volume. Go to the 4H chart and see what I mean. The volume is actually decreasing signalling a reduction in supply.
- Higher lows.
Concerns,
- Could fall further so invest with money you're willing to lose. High risk high reward.
- When it falls, usually price declines for 2-3 days so might be better waiting till it shows some sign of recovery
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