SHOT - breakout ahead?Safety Shot Inc is a wellness and functional beverage company. It is set to launch Safety Shot, the patented beverage that helps people feel better faster by reducing blood alcohol content and boosting clarity.
This is not a financial advice!
Shs. Float 34.01M
Short Flaot 7.61%
Rel. Vol. on 03/18/2024 at 1.46 (needs to get higher for a breakout)
We need to stay in a bullish overal sentiment of the market. If we see a corretion, this play might doesn't work.
Key level is 3.24 - needs get broken!
Keep an eye on 3.60 / 4.0 levels, needs to get broken for a further upmove. You can take partial profits at these levels if u want to lock in gains.
SL under 2.0
TPs approx. 5.3
Most info on the chart.
Trade carefully!
SHOT trade ideas
Safety Shot or shot in the dark? 25-50% superbowl play?Safety Shot (SHOT) is planning to have promotional events surrounding the Super Bowl according to new article. Will the 'recovery' drink be a success or a 'shot in the dark'? The momentum is looking strong right now with decent volume. One to watch 25%-50% with tight stoploss. You don't want to catch the downside since it is only in the $3-$4 range.
Safety SHOT Looking great on everything but the 1-HourBreaking thru both the trend line, as well as the tip of the rising wedge (even ON the hourly chart), SHOT looks to be onwards and upwards. This coincides with fundamental analysis research/very recent clinical studies involving the company and their product/s as well.
Only looking slightly iffy on the hourly chart, and regardless of being dang near it's ATH, this is enough evidence to convince me to go all-in ( kidding, woah woah woah, calm down ) on SHOT , without having to worry that I am simply FOMO-ing my way into a disaster.
One final thing, in regards to purchasing near ATH, is to please note how recently SHOT was near ATL, and how that coincides with such a quick reversal. This appears to be due to, again, their active involvement in getting studies done, that back the effectiveness of their products/brand, leaving little doubt in my mind that it is not only a solid investment in the short term, but in the long term as well.
[ NOT financial advice, DYOR, these are simply my (amateur at best) views - whether they appear to be based on facts, or not, is irrelevant in how you should (still) perceive them as nothing more than that - my views ]