Consistent with my revised thesis and the elevated regulatory risk, I’ve outlined a downside range on the chart where I’d consider getting involved. The top of the zone is marked at $2.51 (April low), with the lower boundary at $1.81, the October 2023 low.
Given the current backdrop, I’m not stepping in until price moves into this range and the broader setup improves. I’m leaning more toward the lower end, particularly around the $2.00 area or below, as a potential entry, but only if conditions warrant it.
No need to force anything here. Staying patient and letting price come to me.
Given the current backdrop, I’m not stepping in until price moves into this range and the broader setup improves. I’m leaning more toward the lower end, particularly around the $2.00 area or below, as a potential entry, but only if conditions warrant it.
No need to force anything here. Staying patient and letting price come to me.
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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.