Waves took a huge beating after giving over 650% return from its bottom of 22-Feb-2022. Now it's almost 75% down from its ATH. Macd is extremely bearish and the trend can reverse anytime now.
There are 2 scenarios that can play out now.
1) It will hit $16-17 zone and then a pullback towards $21.5
2) It will break the above said zone and hit $11-12 zone and then we can see a pullback till $16.
I will start accumulating between $16-17. Stoploss will be a daily candle closing below $16.
Goodluck :)
There are 2 scenarios that can play out now.
1) It will hit $16-17 zone and then a pullback towards $21.5
2) It will break the above said zone and hit $11-12 zone and then we can see a pullback till $16.
I will start accumulating between $16-17. Stoploss will be a daily candle closing below $16.
Goodluck :)
Comment:
Scenario 2 played out perfectly!