Sharing my crazy Thoughts ._.
the blue Lines Aka Red Zones consider As Strong Major Resistances and price will respect it !
Either by price Re-test or Reject.
Pink Line Consider As Strong Support level.
MY scenario of upcoming Days.
Stock Reject by Blue Line. and Re-test Pink Line as the support level.
Although anything in between happens i update.
the blue Lines Aka Red Zones consider As Strong Major Resistances and price will respect it !
Either by price Re-test or Reject.
Pink Line Consider As Strong Support level.
MY scenario of upcoming Days.
Stock Reject by Blue Line. and Re-test Pink Line as the support level.
Although anything in between happens i update.
Note
DOJI with High Bearish Volume at Major Resistance level.Note
Price at upper Resistance. there is two scienarios:
1- close at current prices below Blue Zone Aka with Red Zone. and open Gap UP Next Day Opening. and Re-Test the Zone As Support level confirmation.
2- price Reject at current level and go down to find support level as Pink Line Act As strongest support level.
Note
i try to find safe entry but this meme stock so wild roflTrade active
I'm not following the stock moment by moment. but Red Zone Respected. Targeting Pink Line at 1.80$ price level 50%+ Below Current Price.Note
Ouch ! that must hurt roflNote
Rip i wish i knew about this meme stock earlier this major resistance was only valid resistance existed ._."Note
I'm very aware of OPEN price being up 16%+ pre-Market. but I always try to find safe entry through market structure. for that we wait for best and safest entry since OPEN just so risky. for now as of today ore-market there is no signal of safe entry. as mentioned before the Pink Line is our Safety entry.
Note
Just Waiting.... OPEN Closed session Red -10%Note
OPEN Post-Market session Red another -10% total drop -20%Note
OPEN -20% after half hour of early session... Waiting At Pink LineNote
not convinced yet...Note
for meme stock to be safe the price must Re-test the green Zone. and to met with the confirmation conditions. to be safe.Note: 1- Potentional of Strong Buying Zone:
We have two scenarios must happen at The Mentioned Zone:
Scenarios One: strong buying volume with reversal Candle.
Scenarios Two: Fake Break-Out of The Buying Zone.
Both indicate buyers stepping in strongly. NEVER Join in unless one showed up.
2- How to Buy Stock (safe way):
On 1H TF when Marubozu/Doji Candle show up which indicate strong buyers stepping-in.
Buy on 0.5 Fibo Level of the Marubozu/Doji Candle, because price will always and always re-test the
Note
If no buying power showed up still Pink Line is safest Zone.Note
Price Coming Back.Note
i want to see volume for one.Trade closed manually
I would like to close the analysis for OPEN guys since I think it become boring for now.we have 3 resistances Only:
1- the Take Profit Line.
2- Previous Recent High Aka Red Zone.
3- Second Red Zone at 22-25$ price level. usually price will Re-test fist red zone before go further.
High Selling Pressure at these Zone, is signal to secure profit immediately.
Take Care.
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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.