Technical analysis by seoco about Symbol LOOM: Buy recommendation (12/2/2023)

Howdy, I took a LONG position on $BYBIT:LOOMUSDT.P 4h candles. Reason: 1) Got a buy signal. LOOMUSDT is in the OVERSOLD zone. 2) We got 9 candles down + a reversal candle. 3) Look left and we see a double bottom. 4) We received the first (L1) DEFIB buy signal. 5) We received the the second (L2) DEFIB buy signal. 6) We see a reversal on Heikin Ashi candles. Cheers and have fun. ° Be Patient – Don’t panic – Trade Emotionless. ° Never lose a winning trade.