Looking for an excuse to MOONI'm pretty sure the damage done by the internet troll that badmouthed NASDAQ:ASPI has played out and if the market shows any signs of moving higher, this guy will draw some attention.
What I'm looking for;
Price is pushing against 6$ resistance and I will probably avoid the breakout unless price action is clean for a day trade. Price dropped pretty fast from it's recent push due to some false reporting by a troll, so I suspect a lot of bag holders (part of the plan, right?). This means to me, the breakout will sell off and settle down at some price and start creating opportunities. I try to compare my thoughts to prior price charts, this one looks to me like it can shape up like NASDAQ:IREN September to December 2024. Honestly, I'm pulling this out of my butt like everyone else, so take it with a grain. I do this report and analysis to help my trading, and it does help.
The play;
Follow price action, this helps me avoid counter trend trading too much, and look for buys off important trend lines. I day trade using the box and 5 min breakout methods in the morning, and price action after that. Good luck
