$SAM has recently seen a decline in price from the $1300s down to the $650s. It’s starting to look like it may have found it’s general floor area and would be looking to bounce.
Looking at the 4hr, we may be able to expect a tiny bit lower off the bat at opening allowing for an entrance coming at $654. With the increased volume recently and further partnership news and product release we may be able to expect upwards of 61.8% if not 100% retracement, but it would be advised to take profits & adjust your stops along the way. On the daily momentum is about to flip bullish and RSI is near bottom, which bot support the bullish claim.
* This Content is for informational purposes only, you should not construe any such information or other material as investment, financial, or other advice.
Looking at the 4hr, we may be able to expect a tiny bit lower off the bat at opening allowing for an entrance coming at $654. With the increased volume recently and further partnership news and product release we may be able to expect upwards of 61.8% if not 100% retracement, but it would be advised to take profits & adjust your stops along the way. On the daily momentum is about to flip bullish and RSI is near bottom, which bot support the bullish claim.
* This Content is for informational purposes only, you should not construe any such information or other material as investment, financial, or other advice.
Trade active:
Got picked up @ 653.18 as the 4hr candle came back up through the target line.