LEO is consolidating before the next upward move.

I was a bit bored today, unsure what to write about, so I decided to do some trading on Hive-engine. I don't usually do it much, but I had some time today. Exams are still a while away, and I'm quite far along in the syllabus. But getting back to the topic. When I trade short, I like to observe the charts, and I've noticed LEO consolidating.

Screenshot.

LEO is a token I like for the long term, and I have no doubts about that. However, if you look at the charts, things can change a lot in the short term. But that's not the case with LEO. As we can see in the chart above, it's consolidating just below its previous highs on Hive. This is very good because it usually precedes an upward breakout with a significant move. In technical analysis, nothing is certain, of course, and you have to be very cautious, but the chart looks quite promising.

Furthermore, it's important to consider that he's doing this despite the bearish trend in Hive and the uncertainty surrounding the crypto market. While the market is eager to rise, it also has many investors looking to cash in profits. If the overall market were to rally, I have no doubt that LEO would quickly climb to at least 2 Hive. That's my bet, which is why I'm trying to accumulate as much LEO as possible. This isn't without risk, and the market could fall and drag LEO down with it, but in that case, I expect its deflationary capacity to protect it significantly.

Disclaimer.

This is not a purchase recommendation. I am not a regulated financial analyst. Under no circumstances should this information be construed as a recommendation to buy, sell, or hold a position.
You should be aware of the risks involved in investing and conduct your due research.
The information described here may not be accurate or may change at any time, so you should always check it.