We have bullish divergence in the RSI on the 4 hr chart. Last time this happened was Jan 27th before the Elon Musk tweet kickstarted the recent run up to a new ATH.
However, we are still above the 200 MA and it wouldn't be surprising to at least go down and touch it, if not fall below for a while as occured during the last bullish divergence on the 4 hr. So I am watching closely, we are still bullish in the long term, but a bit of uncertainty in the short term.
I've started scaling into a long position at 47k, will add to it as more information becomes available.
However, we are still above the 200 MA and it wouldn't be surprising to at least go down and touch it, if not fall below for a while as occured during the last bullish divergence on the 4 hr. So I am watching closely, we are still bullish in the long term, but a bit of uncertainty in the short term.
I've started scaling into a long position at 47k, will add to it as more information becomes available.
Trade active:
I added to my long position around $44k, where we met the 200 MA as expected. We have since fell through and will likely reach my buy zone shown here, where I have buy orders placed at $42k and $40k. If both hit that will double my position and give me a nice average.
If we fall below $38k it may be time to panic sell your whole bag and FOMO into GME stock.
If we fall below $38k it may be time to panic sell your whole bag and FOMO into GME stock.