A fool's buy order.
Updated
Hi.
I've had a lot of burns with choosing the right entry points in different assets,
so I've formed a strong cynicism towards the 2024 market.
CHZ is a great asset, exploding in the good old days.
Yes, I see a lot of people waiting for his shot right now.
However, using a large timeframe (10D) and the latest Linear Regression Oscillator,
you can see that things could be potentially volatile over the next few months
and a squeeze to the lows is possible.
Oversold conditions may develop for some more time.
In addition, my favourite SQZMOM warns of an imminent start
of a downward expansion (grey cross).
What did I do?
I placed a buy order.
At $0.015. :)
If I turn out to be right, I will enter more than successfully.
If it turns out that the Daily timeframe has already confirmed
support and a move is only forming upwards,
I will consider buying from current levels.
I've had a lot of burns with choosing the right entry points in different assets,
so I've formed a strong cynicism towards the 2024 market.
CHZ is a great asset, exploding in the good old days.
Yes, I see a lot of people waiting for his shot right now.
However, using a large timeframe (10D) and the latest Linear Regression Oscillator,
you can see that things could be potentially volatile over the next few months
and a squeeze to the lows is possible.
Oversold conditions may develop for some more time.
In addition, my favourite SQZMOM warns of an imminent start
of a downward expansion (grey cross).
What did I do?
I placed a buy order.
At $0.015. :)
If I turn out to be right, I will enter more than successfully.
If it turns out that the Daily timeframe has already confirmed
support and a move is only forming upwards,
I will consider buying from current levels.
Note
Ichimoku also shows no preparation for immediate flight.
Note
I know it all looks like a double bottom ))))Note
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