Current stock price holding at both 200MA and P.Low(Previous Low) Both acts as Very Solid and strong Support levels.
theres two Resistances P.High(Previous high) and P.Low with profit 33% & 43% respectively.
After that the major Resistance at P.High with 115% profit.
Worse Case Scenario:
with Current news of US tariff EU 50% we may get bearish session which is normal and healthy (please no drama don't panic) the P.High(Previous High Level below current price support of both 200MA and P.Low acts as near and safe Support level watch out for Strong Buyers stepping in ( BTW Cathie Wood's just bought the stock Today! you know what i mean right :] ) I believe unlikely we visit 7$ price which is strongest support level ever which will never be going lower than that but yes unlikely to go there its instant all-in buy.
And to get in easily and safely wait for this scenario to happen:
Scenarios One: Strong Buying Volume With Reversal Candle.
Any Pre-market strong buying also Confirm the direction from current price level.
Both indicate buyers stepping in strongly. NEVER Join in unless one showed up.
theres two Resistances P.High(Previous high) and P.Low with profit 33% & 43% respectively.
After that the major Resistance at P.High with 115% profit.
Worse Case Scenario:
with Current news of US tariff EU 50% we may get bearish session which is normal and healthy (please no drama don't panic) the P.High(Previous High Level below current price support of both 200MA and P.Low acts as near and safe Support level watch out for Strong Buyers stepping in ( BTW Cathie Wood's just bought the stock Today! you know what i mean right :] ) I believe unlikely we visit 7$ price which is strongest support level ever which will never be going lower than that but yes unlikely to go there its instant all-in buy.
And to get in easily and safely wait for this scenario to happen:
Scenarios One: Strong Buying Volume With Reversal Candle.
Any Pre-market strong buying also Confirm the direction from current price level.
Both indicate buyers stepping in strongly. NEVER Join in unless one showed up.
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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.