Pupm&Dump trading strategy idea.
$SOS is rising too much today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $2,84;
stop-loss — $3,00;
take-profit — $2,52.
Do not view this idea as a recommendation for trading or investing. It is...
Pupm&Dump trading strategy idea.
$SOS is rising too much today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $2,78;
stop-loss — $2,95;
take-profit — $2,46.
Do not view this idea as a recommendation for trading or investing. It is...
Please note I am a long term investor in SOS but I also play the charts on the side. This is setting up nicely for another bottom up run. This is not financial advise and also depend on the BTC movement / News.
Let me know what you guys this but this in my view looks like a nice 50% profit hit.
NYSE:SOS
SOS is my first priority for investment, fundamental and technical are great, you should have stomach for it, it's not an easy trade, but RISK/REWARD is crazy.
*This is my idea and could be wrong 100%
✅ WHERE WE ARE
We could've been on the correction waves(lime3(15.88)-lime4) on my previous idea.
If you count waves in accordance with the colors of candles, it's 7 from 15.88 - 2.75.
7 waves means 3 waves=ABC.
So probably 2.75 can be lime4.
If so, the last 3 bullish candles are the 1st impulse wave and the strong bullish movement, the 3rd wave,can be...
EXP MA Ribbon on 4H finally changed. Not Financial Advice.
Bullish on Crypto.
I'm excited for the next SOS PR and ER.
Once shorts get exposed further, this will gain more volume.
Huge blockchain plans that will catch investors off guard.
Goals to expand to NA (MSB license + power plants )
Actual earnings, but it's still getting short and distorted by...
indicator in bullish mode.
chart looks ready for a jump.
st res zones and fib cluster = $5.91 very likely..
mov shows a upmove so the st tend is bullish.
Bull Flag Forming. Lots of institutional interest including recent addition to MSCI Fund. Many catalysts on deck:
FY22Q1 Earnings update
Mining Revenue
North American 3 Power Plant Deal Update
North America Digital Crypto Exchange
Mining expansion into North America
New Partnerships
