Short
PLSD has hit my top overbought position.
The daily candle has reached the top of the
Golden Pocket which is the .786 Fibonacci
as well as the RSI is way Overbought, Im looking
that PLSD could pull back as far as the
$1.87-$2.19 which is still very very bullish bc
it would remain in the Bullish channel and the
move up would be even bigger next time. Its
totally fine if it pulls back to the trendline. It
could pull back half of that distance as well, its
day to day and watch the RSI before price.
Golden Pocket which is the .786 Fibonacci
as well as the RSI is way Overbought, Im looking
that PLSD could pull back as far as the
$1.87-$2.19 which is still very very bullish bc
it would remain in the Bullish channel and the
move up would be even bigger next time. Its
totally fine if it pulls back to the trendline. It
could pull back half of that distance as well, its
day to day and watch the RSI before price.
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