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Is this a real bounce or just a trap for the late longs?
$TRIA is showing some life at $0.0399 after that nasty dip. We’ve been respecting this uptrend for a while but that rejection at $0.0473 was a bit of a reality check for the bulls.
Right now we’re floating right in the middle of the range. The order book is basically a coin flip at 50/50 so there’s no clear winner yet. If we can’t reclaim $0.042 soon I’d be looking at $0.035 as the next logical spot to catch a bid.
Volume is decent but we need more conviction to break the local downtrend. What are you seeing here? Panic selling or dip buying?
#GateSquareMayTradingShare #BitcoinVolatility