Hello Traders and investors. If someone told you 6 months before if you want to buy FB at around 200, would you have bought? Well now you don't have to hope, it's reality. Time to take action when everything is negative. Can it go to 200? of course it can but I don't think it's straight down from here on.
Usually when there is a retracement happens from the top, price range between 50% and 61.8% is a sweet spot to get in, and we are at that moment right now after retracing from the top in comparison to 2019 low and 2020 low. Those were major lows, the probability of bouncing from here is very high but remember buying here is against the trend, so there has to be discipline if one is going for it.
My charts are self explanatory I guess. Please do your analysis and if my chart helps then leave me a comment.
Usually when there is a retracement happens from the top, price range between 50% and 61.8% is a sweet spot to get in, and we are at that moment right now after retracing from the top in comparison to 2019 low and 2020 low. Those were major lows, the probability of bouncing from here is very high but remember buying here is against the trend, so there has to be discipline if one is going for it.
My charts are self explanatory I guess. Please do your analysis and if my chart helps then leave me a comment.
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight st
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight st