Down and bounce... or down and fall through support line?
I'm watching how close it gets to the retracement line... maybe bet on a bounce and place a stop loss just in case it continues to fall...
crazy thing is the volume.. look how low it is even across time frame after the ATH of approx 20K.
RSI down
STOCH RSI down
MACD low
& No Volume - yet. ?! might be a nice swing regardless.. i feel like institutional money will enter the space but when.. is 7k an attractive price for them.. or has everyone gone elsewhere till this december high complete blows over.
*These are all thoughts and not trading advice - my purposes only*
I'm watching how close it gets to the retracement line... maybe bet on a bounce and place a stop loss just in case it continues to fall...
crazy thing is the volume.. look how low it is even across time frame after the ATH of approx 20K.
RSI down
STOCH RSI down
MACD low
& No Volume - yet. ?! might be a nice swing regardless.. i feel like institutional money will enter the space but when.. is 7k an attractive price for them.. or has everyone gone elsewhere till this december high complete blows over.
*These are all thoughts and not trading advice - my purposes only*