THETA FUEL / USD- Looking for the bounce off previous resistance
Theta Fuel has obviously enjoyed massive gains, followed by a massive retrace.
Pick the timing on the Entry for a potentially profitable position.
Indicators look good for a turn around in the near future but caution advised as there's still probably plenty of traders that got wrecked and are looking for a less painful exit as it turns around.
MACD and RSI look ok and it's found it's feet against the 50 SMA.
*(Plenty of leg room for this to keep falling so use your own judgement and research here)
Bingaz.
Pick the timing on the Entry for a potentially profitable position.
Indicators look good for a turn around in the near future but caution advised as there's still probably plenty of traders that got wrecked and are looking for a less painful exit as it turns around.
MACD and RSI look ok and it's found it's feet against the 50 SMA.
*(Plenty of leg room for this to keep falling so use your own judgement and research here)
Bingaz.
Dependent on entry- Consider protecting profits.