This is a scalp trade I'm initiating. I believe we'll see a move up to try to liquidate some short positions from here.
Our RSI is bottoming out and momentum indicators are also starting to consolidate.
We're resting on the 200-day EMA on our 30m chart and are signaling as undervalued for shorter time scales.
We have pieced the bottom of our KC and I believe we will retest upward from here.
Our RSI is bottoming out and momentum indicators are also starting to consolidate.
We're resting on the 200-day EMA on our 30m chart and are signaling as undervalued for shorter time scales.
We have pieced the bottom of our KC and I believe we will retest upward from here.
