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AmandeepSingh2020
Sep 27, 2021 11:13 PM

VYGR - Buying zones or Falling knife? 

Description

VYGR has been showing for a while that the momentum is dying.
Although MACD may show some signs of reversals in coming weeks but since BTC doesn't look very strong as of now, I could deduce that it will have some effect on VYGR.
The VPVR on the right side is showing the same as there has not been much volume traded between here and $9 level.
Let's hope it bounces from here, if not, then the next level of support is between $8 - $9

Currently, it is at a good level to add some amount if you are doing dollar cost average but frankly I would rather wait to see the reversal in the pattern.
I wouldn't want to catch a falling knife.

Trade active

Although the first target for dollar cost average has been reached, it looks like we have broken the support and are heading for $8-$9 range which is my second area for support and dollar cost average.

Trade active

$20 looks like a key area to hold

Trade closed: stop reached

Comments
AmandeepSingh2020
Tested my second Buying level. Good place to DCA in but I am not confident yet that reversal is in.
matthetradingexpert
looks like we are breaking out here.
AmandeepSingh2020
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