HOLO’s reverse split takes effect today, and HOLO is selling off so far. Last time HOLO dropped for 3 days before starting a strong rally. The price usually forms a new all time low before some upside. After the reverse split the new all time lows are around $4.03. I would be interested in buying around $4 or below if that opportunity presents itself.
There is a lot of volatility for HOLO. These are my three key price levels to monitor for the day. I have resistance at the red trendline around $8.43 if HOLO manages to rally. $5.70 is a key level that can act as support or resistance, and I have $4.03 as support near all time lows. I think there could be a lot of swings throughout the day.
HOLO has been pretty bullish so far today. I want to give the price at least 3 days to stabilize a bit. As of right now I’m only interested in buying more if the price dips to around $4 or lower. There is a red resistance line to monitor on the way up. The price target will vary over time, and the red resistance line is currently around $8.33.
HOLO closes the day with +26.88% gains. The candle looks pretty neutral with long wicks in both directions. I think the price should stabilize within by the end of the week. For now there could be a lot of volatility around these key price levels.
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