Once one of the hottest stocks during the bull run... but that’s history now. From its all-time high of 6.740, it's down nearly 65%.
Currently, the price is in the overbought zone and approaching a key resistance area. Despite the recent rebound, MACD remains below the zero line, suggesting the overall momentum still lacks strength.
Should we keep an eye on it? Maybe, but not for entry at this stage. If you're in profit, consider securing some. Better to wait for a healthy setup than chase a tired rally.
Disclaimer: This is not a buy or sell call. Just sharing for study and discussion purposes. Always do your own analysis before making any trading decisions.
Currently, the price is in the overbought zone and approaching a key resistance area. Despite the recent rebound, MACD remains below the zero line, suggesting the overall momentum still lacks strength.
Should we keep an eye on it? Maybe, but not for entry at this stage. If you're in profit, consider securing some. Better to wait for a healthy setup than chase a tired rally.
Disclaimer: This is not a buy or sell call. Just sharing for study and discussion purposes. Always do your own analysis before making any trading decisions.
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.
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.