ONE – Found support, but still bearish
Harmony / TetherUS BINANCE:ONEUSDT
The initial reaction shown in the last chart (blue arrow in related idea) worked out nicely, but there was not follow-through and price broke down again, below the rising trendline.
We have now found support at the 0.115 region, but the macro scenario is still bearish .
An option would be to enter a long trade, expecting a retest of the 0.165 resistance and descending trendline. But, at current levels, the risk/reward ratio is not good enough for me. If we get a pullback down to ~ 0.13, I may look for a long trade.
For now, I´m sitting this one out.
