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keifer
Jun 1, 2020 5:28 PM

LIZI Another wave down! 

Description

Hello,

What is LIZI?
LIZHI is a leading online UGC audio community and interactive audio entertainment platform in China, with a mission to enable everyone to showcase their vocal talents. The company is aiming to bring people closer together through voices.

As seen on this chart we have another wave down but the RSI has been moving upward and so I suspect that when the price has settled at the bottom we will have a bullish divergence that should bring us towards the target as indicated on this chart.

Be sure to comment, follow, like, and check out my profile for more trade ideas!

Good Luck, Cheers!
Comments
mhrajib
One quick Question, can you give a ruff idea how long we should wait to get the return or how long you hold to reach ur goal ? Thank you
keifer
@mhrajib, Depends on the market, nobody knows for sure. If you long, move your stop loss up until you have no risk. Monitor the 4hr tf and watch for a break of structure to get out.
mhrajib
@keifer, thank you,as a beginner like me its very useful information for me.
keifer
@mhrajib, Check this chart out in the educational area. You will find it useful for getting in and out of trades. Good Luck!
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