VTHO looks to be approaching a key area. i'm watching for a bounce off the bottom of the channel. i think a bounce would confirm the channel, and if this channel is valid... we're in for a treat.
Target: 1st target seems pretty obvious to me ($0.027). after that i think we need to set additional targets as we go, depending on timing and how the fib extension levels align with the fib channel (and of course, how VET and the rest of the market are looking)
Stop: below the bottom (0 level) of the channel.
this is one of those "big risk, bigger reward" plays. pretty sure that's why we're all here, right?!
Target: 1st target seems pretty obvious to me ($0.027). after that i think we need to set additional targets as we go, depending on timing and how the fib extension levels align with the fib channel (and of course, how VET and the rest of the market are looking)
Stop: below the bottom (0 level) of the channel.
this is one of those "big risk, bigger reward" plays. pretty sure that's why we're all here, right?!
Note
just to be clear, i wouldn't be looking to enter here unless/until there is a clear bounce off the bottom of the channel. pattern looks a bit bearish, so i'd be looking for additional confirmation before pulling the trigger. my VTHO bags are already packed so i'm not personally looking to buy here, but I am shooting for that first target.Note
as usual, i'll be using VET as my primary indicator here. if VET breaks out above the triangle, we're in business. a break down below the trendline would scream "abort!" and i'd look to reduce/take profit on VTHO.
Note
VET looks to be breaking out above the triangle. that gives me more confidence in this one for sure.Note
aaand looking dicey again. gotta love this market. Note
idea for a stop if you want to keep it tightNote
it's pretty safe to assume this one will pump its brains out again soon, but i think i'm done trying to predict when (publicly, at least).this last dip just barely grabbed my stop-loss... probably the worst possible way to lose money lol. thanks elon, you greedy f*ck.
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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.