Daily Timeframe Analysis
After a nasty 35% drop I would say lots of retail investers are getting a little worried. However if you look at the daily chart we are still in an uptrend. The lower blue box is the area to watch, a close below this will start to look very bad. But for now its still bullish, until its not. Keep it simple, the upper blue box is my target as long as it stays bullish.
Trade closed: stop reached
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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.