The stock is currently testing the 4.80 support level, and it remains to be seen whether it can stage a rebound. If the price manages to hold and bounce back, there could be an opportunity for a FIFO (First In, First Out) trade, allowing for quick entries and exits to capitalize on short-term movements.
Let’s see how it plays out!
When the market moves where, and how, and if - these are all unknown. The only thing which we can control is our risk. Focus on risk management!
Keep the long term vision.
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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.