FOX - Looking to make a move or dead cat bounce?
This is what I would consider a short term in and out swing trade.
FOX recently rallied from 0.03 all the way to 0.14 gaining almost 400% in basically a month.
It has since corrected over 50% from the top and it is starting to show signs of a possible reversal.
Lower times frames have been showing some bullish divergences.
4 hour time frame MACD is also looking to flip into the green side.
Based on the current market conditions and recent price action on FOX I would expect at the very least a run up towards the 0.10-0.12 area.
I will personally be exiting my position at that area.
Have any chart to share for FOX? Drop it down below :D
FOX recently rallied from 0.03 all the way to 0.14 gaining almost 400% in basically a month.
It has since corrected over 50% from the top and it is starting to show signs of a possible reversal.
Lower times frames have been showing some bullish divergences.
4 hour time frame MACD is also looking to flip into the green side.
Based on the current market conditions and recent price action on FOX I would expect at the very least a run up towards the 0.10-0.12 area.
I will personally be exiting my position at that area.
Have any chart to share for FOX? Drop it down below :D
Note
Added to my position: 0.073
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