MAs are posing upward with no entanglement. Stoch RSI suggests this is oversold already for the past week. Fibo levels are plotted and seems like followed. Buy at blue, sell at greens, cut at red. The question is, what is the big news tomorrow (3/2/21)? Will this provoke a steeper uptrend? $$$
Trade closed manually
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I realized the big news was not that big of a deal. Price broke down. Lesson learned in this trading is - not all news are catalysts. For succeeding trades, i need to research more about the "news". Also, the first pullback breached 50% fib level. I experienced that case already in 2 trades (PLTR and GEVO) where fib 50 was breached. I will be stricter to include in my criteria not to enter pullbacks breaching 50% fib.
Interesting analysis! Part of me wants it to meme up to $4.20
Anjo1026
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@qafAyRxp8aL8, I got 3.8, 4.10, 4.52 and 5.07 as my higher TPs. It depends how quick the price will move and how the technicals will look like tomorrow!