I don't want to wait any longer.
The only thing indicates that we are done is the divergence in RSI. MACD might want to cross over but no signal yet. Most probably we are in the new daily cycle already and bottomed on 2nd Feb.
The volume will show a reversal by the close : it will be higher than yesterday's volume.
We might be printing a double bottom...
I still would have liked to see the tag of 2.93 but it just doesn't wanna come.
We are risking now to get left behind so I enter 50% of the planned position today. If we come down to the 200 EMA or 2.94 (FIBO 61.8%) I will add the other 50%.
The only thing indicates that we are done is the divergence in RSI. MACD might want to cross over but no signal yet. Most probably we are in the new daily cycle already and bottomed on 2nd Feb.
The volume will show a reversal by the close : it will be higher than yesterday's volume.
We might be printing a double bottom...
I still would have liked to see the tag of 2.93 but it just doesn't wanna come.
We are risking now to get left behind so I enter 50% of the planned position today. If we come down to the 200 EMA or 2.94 (FIBO 61.8%) I will add the other 50%.
Comment:
2.93$ is the FIBO 61.8% pullback of the previous rally.
I will add the last 25% at the 200 SMA.
I will add the last 25% at the 200 SMA.
Comment:
Comment:
I'm adding the last 25% as we are tagging the FIBO 78.6 pullback level
Adding 25% to the long position as we are close to tag the 200 EMA.