AFTER MAKING 156.03% PROFIT, HERE IS OUR PERSPECTIVE ON #REEF (POSSIBLE WEAKENING OF BUYING MOMENTUM)
In response to a request from Mr. Ramzan, who has been reading our blogs, we have examined the critical levels of REEF where its momentum is most likely stalling.
The prior significant support that REEF held in 2023, between 0.0013 and 0.0016, has now been revised. At its shorter timeframe, we have determined that this prior key support is now its new resistance. There are currently no indications of a sudden change in the market. We are searching for potential indications of weakness at the critical levels of 0.0016, 0.0019, and 0.0021, as well as potential high indications of weakness at 0.0025–0.003. At the crucial levels we've indicated, sellers are waiting for REEF to arrive so they can conduct significant selloffs. Many traders need to think that the token will keep rising until it is corrected in order to keep the momentum going. This is extremely improbable, though, as many people still have their doubts about this coin. Although there are brief and minor pauses, the REEF swing is still ongoing. At 0.0017 and 0.0023, we can still observe the potential for REEF to continue its potential fake out. For this token, observation is the recommended course of action.
Stay wise, trade cautiously.