Taking a look at the one-hour chart, we see a failed breakout up AND a failed breakout down, in my opinion this is perfectly normal. I am expecting a few more days of volatility before a big move to the upside. I would hold shares and maybe load up at the 39-40 dollar mark. The hammer candle set up beautifully played out at the 2.618 fib line. Coincidence? I think not, smells like a market shake down to me
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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.