3 options for you :
1. It found support at 1453 and starts to rebound - buyers happy
2. It continues to head south a bit more but hit the main trend line and rebound - late buyers happy, buying at cheaper price. short term sellers happy
3. Oh no, people are still frantic and scrambling to sell their assets to raise cash and/or meet margin calls. Sellers happy, buyers sad.
Note - there is resistance at 1552 so option 1 buyers need to take note. is the profit margin enough for you ?
1. It found support at 1453 and starts to rebound - buyers happy
2. It continues to head south a bit more but hit the main trend line and rebound - late buyers happy, buying at cheaper price. short term sellers happy
3. Oh no, people are still frantic and scrambling to sell their assets to raise cash and/or meet margin calls. Sellers happy, buyers sad.
Note - there is resistance at 1552 so option 1 buyers need to take note. is the profit margin enough for you ?
Note
now that it is clear Option 1 path is taken, we can continue to buy at this level as it closed above it.Note
Praise Lord, congrats to those who followed.
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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.
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.