By the looks of it $BIND looks over-extended and has a good chance it will spike down in the morning its at 0.79 post market but closed at 0.73. I think it will start from yesterdays close and spike down to the 61.80% fib level and may break it but looked a good support level as held the price above when tested a lot yesterday.
Also noticed yesterday the volume faded off most of the day but managed to keep price up but if this does not get the same morning volume as yesterday I can see this going down fast but if not will wait and let it fade down throughtout the day before I cover.
Depending how well the support holds I may take the profit there but if support breaks will look to take profit around the 78.60% to 100% fibonacci depending on the price action. If the price moves up from the opening I will wait and see how it acts around the 0.90 resistance mark and just simply use the same plan from a different price point.
Just hope this does not move up in the morning as can see some short squeezes happening and driving the price up higher but may also keep this in the back of my mind for a quick buy in early spike and jump out before it crashes.
Also noticed yesterday the volume faded off most of the day but managed to keep price up but if this does not get the same morning volume as yesterday I can see this going down fast but if not will wait and let it fade down throughtout the day before I cover.
Depending how well the support holds I may take the profit there but if support breaks will look to take profit around the 78.60% to 100% fibonacci depending on the price action. If the price moves up from the opening I will wait and see how it acts around the 0.90 resistance mark and just simply use the same plan from a different price point.
Just hope this does not move up in the morning as can see some short squeezes happening and driving the price up higher but may also keep this in the back of my mind for a quick buy in early spike and jump out before it crashes.