#LOOM / USDT - Price update:
Bearish rejection daily ⚠️
Correction phase, probably to retest the daily wedge breakout!
The bearish rejection is strong at the moment, it's difficult to say if the price will move toward a new high.
H1 view flipped bearish and I do not see any bullish pattern forming! ⚠️
I recommend you to wait for lower supports zone to be tested.
A daily candle close below 0.5900$ could lead to a deeper retest toward 0.5400 or even 0.5200$!
