Buy the dip? Getting there…
It looks like we are maintaining some level of support here at $37. Also some divergences on the RSI. Could be worth a trade here if we can hold the support.
I think we are at the final stage of the 5th wave down, it could well go deeper so you’d want to keep a stop loss/exit the trade if it drops below $35. That’ll indicate indicate one final puke towards $25-30, which we could get if the markets decline another 5-10%.
Do what’s best for you, not financial advice!
I think we are at the final stage of the 5th wave down, it could well go deeper so you’d want to keep a stop loss/exit the trade if it drops below $35. That’ll indicate indicate one final puke towards $25-30, which we could get if the markets decline another 5-10%.
Do what’s best for you, not financial advice!
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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.