On the above 4-day chart price action has corrected over 95% since the sell signal(not shown) @ 2.80 in November 2021. Today is great long opportunity. Why?
1) You know why.
2) RSI and price action resistance breakout.
3) Strong bullish divergence. Multiple oscillators print positive divergence with price action over an extended period. 4x34 days.
4) A double bottom on support prints.
Is it possible price action falls further? Sure. Is it probable? No.
Ww
Type: trade Risk: <=6% of portfolio Timeframe: Now, don’t sit on your hands. Return: Will say elsewhere
Comment
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Welcome to alt season
Trade active
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This would be an excellent moment. Do you know why?