Time for an update on a #LEO token. The other day, I said...
Now that we dropped below the 40 day moving average we need to be cautious of the 20 day moving average continuing its decline.
@fjworld/a-leo-pull-back-time-to-reevaluate
From a Trading Depth Analysis, we see that many holders have placed their orders to sell near the 0.40 level. I do not have any sell orders at this time. I sold near the last peak and started to accumulate during the current pullback.
Did I mention, sell on peaks and buy on dips? Well, today, now that we traded below MA40, that is the 40 Day Moving Average, we need to be cautious that we could decline to the 0.25 and 0.20 level.
LEO continues to offer lots of trading #FUN and is one of the best layer 2 tokens for trading.
That's the update for today. Please share your thoughts about trading LEO. There is money to be made for astute traders. Visit our Project ePayTraffic (PEPT) Hive community to Learn Before You Earn.
#LUV and positive energy to all.