Link to sink to <$10On the above 2-day chart price action has rallied 225% from the June lows. A number of reasons now exist to be short. They include:
1) Price action and RSI support breakouts.
2) Regular bearish divergence.
3) Past support confirms resistance.
4) The recent published ideas on tradingview.com. The herd are more bullish than a bull on steroids who has just returned from a restful 2-week vacation.
Is it possible price go up further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: You decide
Short entry: $17
Stop loss: Will say elsewhere