Still in a confirmed downtrend, IMO, with price action reflecting a mix of structural and macro headwinds. No interest in forcing a trade here -- but I’ve mapped out a "Buy Zone" between $21.12 and $16.51, where I’d look to scale into a long-term position.
The chart remains decisively bearish, reinforcing the view that the path of least resistance is still lower.
FWIW: I typically begin nibbling near the upper band and add incrementally if weakness continues. No assumptions -- just defined risk/reward levels that I’m prepared to act on.
Let the setup come to you. Some of the best trades start with waiting. Stay tuned. 👀 GLTA.
The chart remains decisively bearish, reinforcing the view that the path of least resistance is still lower.
FWIW: I typically begin nibbling near the upper band and add incrementally if weakness continues. No assumptions -- just defined risk/reward levels that I’m prepared to act on.
Let the setup come to you. Some of the best trades start with waiting. Stay tuned. 👀 GLTA.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.