We noticed a significant trading breakout might be taking place in LOOMBTC .

The recent trend is for altcoins to retrace 23% of their recent down moves. Like many bear market rallies, these up moves have been tremendous and very short-lived. So, you have to jump on the up move while you can.

In this case, LOOMBTC has taken out previous support near 362 and could be headed for the 23% retracement of its substantial down move. That level is up at 654.

Bottom Line: If you like LOOMBTC, you can try and buy a dip if there is a return move to 362. If you love LOOMBTC , then you can try to FOMO in betting it rips to 654. If LOOMBTC closes below 362, that would give us pause.

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