PINKCOIN great chance for risktakers

in #cryptocurrency7 years ago

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On December 7, however, the market broke the 0.0000023 support. While this event may have forced some to sell their positions, savvy traders know that this is a bullish signal known as spring, which is a brief break in support during the accumulation period. It is usually followed by a strong rally because sellers have limited ammo left once the false breakdown is over.

With spring, the market has been thrusted upward to 0.0000063 in 18 days. The price action has created a bullish reversal pattern that relies on the breach of 0.0000063 resistance for confirmation. Fortunately, the market is taking a slight pullback which is a great opportunity for you to get in.

The strategy is to buy as close to 0.0000045 support as possible. It is very likely that the market will generate a bullish higher low around that level.

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