Long
Mean Reversion in FIRE?!
FIRE has dropped down to the $1.60-1.70 range a few time in the couple months only to bounce back. This is probably a support level for FIRE.
Every time it hits its support level, a bullish candle is formed and it pushed towards $2+ in the next few days.
Basically, FIRE is shown movement that has been bullish historically.
The slow stochastic supports this oversold idea.
Short Term Trade, stop loss at 1.68.
Every time it hits its support level, a bullish candle is formed and it pushed towards $2+ in the next few days.
Basically, FIRE is shown movement that has been bullish historically.
The slow stochastic supports this oversold idea.
Short Term Trade, stop loss at 1.68.
Trade closed: stop reached
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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.