** warning – tiny market cap **
On the above 3-day chart price action has corrected 90% since June of last year. Astonishingly sellers have returned price action back to support. Is now a good time to go long?
1) Oscillators prints bullish divergence with price action. As a matter of fact more oscillators print positive divergence than the previous time price action moved from 2 dollars to 20 dollars in less than a month.
2) Price action has returned to support. Astonishing, did every buyer of the last move sell back at a lower price?
3) Some other reasons..
Is it possible price action falls further? Sure.
Is it probable? No.
Ww
Type: Trade
Risk: <= 1%
Timeframe: act now
Return: As before, around 600-700% Trade active: It’s tIme Comment: now!
Hard to believe sellers pushed price action below the support. This can only mean holders before the previous move to 20 dollars were compelled to sell. Awesome. Trade active: 30% 48hrs later. Who are these people that sell after a 98% drawdown? Identify yourselves! Comment: Swing traders take profits after a move like that. Add again at 1.80 to 2 dolla.
Comment: Din’t get all the was to 2 dollars, 2.5 instead.
Hold until 14
