$RLY went a lot lower than most people thought was possible (including myself). I've been waiting patiently and watching for some indications that this could be bottoming and it looks like we finally just got some signals.
The big signal that stands out to me is the 2D buy volume being the highest on the chart right at the bottom. That gave me the confidence to take an entry here at $.021.
If this starts moving higher, I think we could see a pretty strong bear market rally to retest resistance at $.30 and potentially even $.45 (the 50% retracement from the highs). The R/R is really good here 1300-2000% upside w/ minimal risk. Taking a small position w/ a shot at big returns.
The big signal that stands out to me is the 2D buy volume being the highest on the chart right at the bottom. That gave me the confidence to take an entry here at $.021.
If this starts moving higher, I think we could see a pretty strong bear market rally to retest resistance at $.30 and potentially even $.45 (the 50% retracement from the highs). The R/R is really good here 1300-2000% upside w/ minimal risk. Taking a small position w/ a shot at big returns.
Comment:
I do like this trade, but I don't think it's ready yet. Back in cash for now. If we see a spike lower, I'll rebuy.
Comment:
Back in at $.0147, looking for a move to $.023-.024
