The price has broken through the psychological resistance of $2 along with the 61.8% retracement.
Exponential averages of 8, 21 and 55 pointed up.
Next resistance at the round value of $3.
If it is a bull trap it will come back below $2, going to the 50% retracement at the price of $1.45
Trade closed: target reached
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I was positioned on LDO and closed the position with profit, due to being at psychological resistance at $2. It can even break $2 and go straight up, but considering the stochastic and ATR levels, I prefer to wait for a correction below and only then enter again.
Even if there is a snare trap set im willing to take my chances and lose money….,,or break even. You got-2 go by what all the top notch technical’s are projecting.., but on other hand this did happen many times b4.., but I just don’t see it happening especially now the people specially retail cannot get hurt and if they do there will prob be “A un intentional revolt triggered by default caused by a brutal recession that nobody is mentally prepared for & nobody im talking about the economic MOAT that keeps this Nation Afloat… It’s ok for rich to lose a few hundred grand. But how many times can. They do this to the Economically viable- hard working investors?? Lol i don’t think Thera are many left but we all know deep down -the economy will not have the Gusto Confidence & Spark that America needs in order for any safe landings or any sort of economic stability in the future. It will only bring us down from superpower status instantly. There is soo much more i would like to cast but i just wanna say now is the time for a rally…. It will only do right for our Nation and Have a positive ripple effect on at least most of the world. This is something that no one can dispute because I know it from sheer intuition way past logic.. PS just be smart to Cash out and spend that money on your Nation… When “they” see too many people get greedy and hold on for dear life than the bull traps I certain play as a shame on you and a lesson to be learned but I know damn well we all learned a lesson and unfortunately some people don’t have the money to even make up for what they lost including myself but this is the last time it’s gonna be a rally they’re going to test us don’t hold on and think it’s just gonna keep going up up up up up up… 🌬🍃💶
squeezedgrape
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I wish I had the courage to post an idea where I say that the asset is going up, sideways, or down XD
You got-2 go by what all the top notch technical’s are projecting.., but on other hand this did happen many times b4.., but I just don’t see it happening especially now the people specially retail cannot get hurt and if they do there will prob be “A un intentional revolt triggered by default caused by a brutal recession that nobody is mentally prepared for & nobody im talking about the economic MOAT that keeps this Nation Afloat… It’s ok for rich to lose a few hundred grand. But how many times can. They do this to the Economically viable- hard working investors?? Lol i don’t think Thera are many left but we all know deep down -the economy will not have the Gusto Confidence & Spark that America needs in order for any safe landings or any sort of economic stability in the future. It will only bring us down from superpower status instantly. There is soo much more i would like to cast but i just wanna say now is the time for a rally…. It will only do right for our Nation and Have a positive ripple effect on at least most of the world. This is something that no one can dispute because I know it from sheer intuition way past logic.. PS just be smart to Cash out and spend that money on your Nation… When “they” see too many people get greedy and hold on for dear life than the bull traps I certain play as a shame on you and a lesson to be learned but I know damn well we all learned a lesson and unfortunately some people don’t have the money to even make up for what they lost including myself but this is the last time it’s gonna be a rally they’re going to test us don’t hold on and think it’s just gonna keep going up up up up up up… 🌬🍃💶