Technical analysis by NonComposMentis about Symbol TRAC: Buy recommendation (7/24/2023)

The BRC-20 token TRAC (don't confuse it with OriginTrail, same ticker) is trading on decentralized exchanges (you need a BTC wallet like Ordinalswallet, XVerse, Unisat) and on Gate.io. It is a fundamentally very interesting project with a market cap below $10M, the indexer of the BRC-20/Ordinals space on Bitcoin. Lot of room to the upside, but, obviously, also high risk. I am very bullish on the project and I am using each opportunity to benefit from its high volatility on Gate.io. The black lvls on the chart are the S/R areas where the price is constantly ranging between. I am selling resistances, buying supports. If it breaks the resistance I buy the retest/support and sell the next resistance. If it breaks down I buy the next support. It's basically trading 101. I make 5% or 10% a few times a day. Bought today's dip at 37c, sold a small bag at 54c. The green levels/areas are demand zones of different importance. Between 35 and 44c strong support. At the time of writing at $0.47, I consider this still as cheap. NFA. I am not selling as much as I buy tho, accumulating this coin for further upside. DYOR. You do you, I do I.