Tierion - Potential - Risk/Reward
Tierion has seen a massive pump and dump this month previously, it's now trading below support levels and even a move back towards the 200 SMA would see double digits gains. Whilst many have made their money and moved on this month there would be a contingent that unfortunately rode it all the way down like Major Kong in Dr Strangelove and those HODLing Cowboys mean that renewed interest into this next breakout could see it trading back at support or even mid level of original pump.
Charts would indicate a potential turning of the downtrend.
As usual tight stop losses in place, but I'd like to think we are near bottom here.
Keep an eye out and caution advised during the volatility we are currently in and take profits structured at your own levels.
Any thoughts welcomed.
Happy Trading.
Bingaz.
Tierion has seen a massive pump and dump this month previously, it's now trading below support levels and even a move back towards the 200 SMA would see double digits gains. Whilst many have made their money and moved on this month there would be a contingent that unfortunately rode it all the way down like Major Kong in Dr Strangelove and those HODLing Cowboys mean that renewed interest into this next breakout could see it trading back at support or even mid level of original pump.
Charts would indicate a potential turning of the downtrend.
As usual tight stop losses in place, but I'd like to think we are near bottom here.
Keep an eye out and caution advised during the volatility we are currently in and take profits structured at your own levels.
Any thoughts welcomed.
Happy Trading.
Bingaz.