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Price is sitting at $0.001568, but it already tapped a high of $0.002215 before pulling back. The EMAs are still stacked bullishly below: EMA5 at $0.001547, EMA10 at $0.001406, and EMA30 at $0.001063. The MACD is positive with DIF at $0.000247 and DEA at $0.000182, but the histogram is starting to shrink. That tells me the buying momentum is fading fast.
If ONE breaks below the $0.001500 level, I expect a sharp drop toward the EMA10 at $0.001406, then possibly $0.001200 and $0.001000.
Trade Setup: Short ONE
Entry: $0.001550 - $0.001580
Stop Loss: $0.001750
TP1: $0.001400
TP2: $0.001200
TP3: $0.001000
Do you think ONE will continue its rally or is a pullback inevitable? Drop your thoughts below.