On the above 15 day chart price action has corrected 90% since late 2020. A number of reasons now exist to be long, they include:
1) Price action and RSI resistance breakouts.
2) MFI resistance breakout, in other words volume or money flow is increasing. Follow the money. Someone knows something I don't.
3) Support on past resistance. Over the last 20 years price action has respected the 4.90 level as strong support.
4) No stock splits.
5) 9.2% short interest.
6) Price 400% to channel resistance.
It is possible price continues to correct? Sure.
Is it probable? No.
Ww
Type: trade
Risk: you decide
Timeframe for long: Earnings report today!
Stop loss: Will say elsewhere
1) Price action and RSI resistance breakouts.
2) MFI resistance breakout, in other words volume or money flow is increasing. Follow the money. Someone knows something I don't.
3) Support on past resistance. Over the last 20 years price action has respected the 4.90 level as strong support.
4) No stock splits.
5) 9.2% short interest.
6) Price 400% to channel resistance.
It is possible price continues to correct? Sure.
Is it probable? No.
Ww
Type: trade
Risk: you decide
Timeframe for long: Earnings report today!
Stop loss: Will say elsewhere
Trade active
support confirmed
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
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.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
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.