BAND Is Still In Danger, Don't Get In Until Crucial Point Is Broken

BAND is a probably the potential competitor of LINK and which actually has a chance to become as big as ChainLink. It has seen a huge downside as other markets but the bad thing is crossed its crucial level $7 while falling and now it will have to overcome $7 level to be in a bull trend. Let's take a look at the chart

The chart doesn't look good to the eyes but we have seen a good bounce around $5.1 level. It could be a temporary bounce, it all depends if it can cross the $7 level and closes its daily candle above that. Let's look at the $7 level now.

Now, you can have a clear look at the support/resistance level of $7 and how many times it has proven to be a great resistance. To gain my confidence in BAND market, it would need to close above this crucial level and until it does that I will remain out of this market.

BAND is a wonderful project and fundamentally very strong but as a trader, we also need to keep the technical aspect of it in mind and not to be emotional when making money. I wish you a wonderful day ahead.

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