Descrizione
⋅ On the above weekly chart price action has corrected 50%. A number of reasons now exist to be long, including:
1) RSI resistance breakout.
2) Regular bullish divergence. Measured over 2-months.
3) A Double bottom prints.
3) Price action prints on the 100-week RMA with the divergence. Look left.
Is it possible price action corrects further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: 6%
Timeframe for long: A week or two.
Return: 50% minimum
Stopless: 94
Trade attivo
⋅ Past resistance confirms support.
Up around 10% so far, 40% to go. Although a move to 250 seems probable.
Commento
⋅ 25% so far, 25% to go.
Commento
⋅ 30%. Expect resistance around $50
Commento
⋅ Correction, expect resistance around 150 not 50. Although consider sellers are exhausted, resistance could be weak.
Commento
⋅ Long again from 130.
Got a near identical trade, will share...
Trade attivo
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